I was kind of surprised when I was reading Money's Edge and understood the state bill on Bitcoin use with small businesses. It seems the scope of control and regulation can be quite beneficial toward accepting and utilizing the digital currency. What I found most interesting was this passage of the article:
"According to a draft of the bill, it would "authorize a person or entity conducting virtual currency business with less than $1,000,000 in outstanding obligations and whose business model, as determined by the commissioner, represents low or no risk to consumers to register with a $500 license fee and, if approved, receive a provisional license to conduct virtual currency business.""
I think it is an interesting step forward with the revisions, but I wonder if Bitcoin does gain serious momentum what further alterations will happen to the bill.