[2016-08-10] Is California Set to Get Its Own BitLicense?

[CrimBit]

California is set to follow New York’s lead, but the Bitcoin Foundation wants to stop the state from getting its own version of the BitLicense.

The California Bitcoin License bill designated as AB1326 has undergone several changes in the assembly and senate since it was first introduced last year. It is now awaiting a second reading by Senate.

Opponents of the bill, however, claim that the language of it has the potential to reduce California’s capability of supporting digital currency startups in the state.

Bitcoin Foundation Education Committee chair Colin Gallagher is one opponent who has called on people to sign a petition opposing the bill after writing on a forum today stating that the new version of the bill is ‘even worse than before.’

https://www.cryptocoinsnews.com/california-set-get-bitlicense/

[Kprawn]

So they also see some potential to make some extra money out of this technology for the state coffers.  Just ask them this question : How many companies has successfully acquired the BitLicense

in New York and how many companies has left New York because of this silly legislation? It's all smoke & mirror stuff, and a perfect opportunity to make a little extra money. How many jobs could have

been created, if it was not for the BitLicense? They could have received much more income from these businesses that left because of this poor legislation.