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Title: 2014-02-13 California Bill to Legalize Bitcoin [Source] Post by: row5_seat47 on February 13, 2014, 11:05:32 PM A Bill (act to amend Section 107 of the Corporations Code, relating to business associations) introduced by California State Assembly member and Chairman on Banking and Finance Roger Dickenson on January 15th “AB-129 Lawful money: alternative currency” (PDF) as Amended January 23, 2014 specifies that “current law which bans the issuance or circulation of anything but lawful money of the United States does not prohibit the issuance and use of alternative currency
http://bitcoinmagazine.com/10159/california-bill-legalize-bitcoin/ Title: Re: 2014-02-13 California Bill to Legalize Bitcoin [Source] Post by: LiteCoinGuy on February 13, 2014, 11:10:05 PM http://www.coindesk.com/california-bill-bitcoin-lawful-money/
Title: Re: 2014-02-13 California Bill to Legalize Bitcoin [Source] Post by: sickpig on February 13, 2014, 11:12:49 PM https://bitcointalk.org/index.php?topic=464099.0
Title: Re: 2014-02-13 California Bill to Legalize Bitcoin [Source] Post by: row5_seat47 on February 13, 2014, 11:21:33 PM lol wasn't a request for the source --- rather this was the source of the CD article ... or Reddit same diff
;) Title: Re: 2014-02-13 California Bill to Legalize Bitcoin [Source] Post by: CoinMode on February 14, 2014, 12:53:57 AM This bill is funny because it already is legal to own and sell bitcoins. I guess the only difference is that now exchanges will have a foothold to help ensure their security, and of course the price is going to skyrocket when this passes 8)
Title: Re: 2014-02-13 California Bill to Legalize Bitcoin [Source] Post by: TonyZX on February 14, 2014, 03:34:29 AM So what is happening exactly, will someone please tell me?
With BTC rate down and withdrawal closed at more than one place, some states are legalizing it. It's kinda hard to follow and make any conclusions. Title: Re: 2014-02-13 California Bill to Legalize Bitcoin [Source] Post by: vokain on February 14, 2014, 03:35:02 AM So what is happening exactly, will someone please tell me? With BTC rate down and withdrawal closed at more than one place, some states are legalizing it. It's kinda hard to follow and make any conclusions. It's called FUD Title: Re: 2014-02-13 California Bill to Legalize Bitcoin [Source] Post by: DeathAndTaxes on February 14, 2014, 03:38:49 AM This bill is funny because it already is legal to own and sell bitcoins. I guess the only difference is that now exchanges will have a foothold to help ensure their security, and of course the price is going to skyrocket when this passes 8) It actually isn't that uncommon. Since the laws on the books are written over the course of centuries the particular status of something can sometimes been undefined. While no law previously in CA explicitly by name declared Bitcoin illegal, the existing laws of "lawful money" brings up at least the question on if Bitcoin violates those. A company would much rather have a situation where a law explicitly defines something as lawful then a scenario where it "probably is lawful because nobody has had all their assets seized by the state ... yet". My guess is some business interest in California lobbied to get this passed. Putting something in explicit black and white is always a good thing (well as long as you are favor of what is written). |