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Author Topic: California Bill to Legalize Bitcoin  (Read 3094 times)
row5_seat47 (OP)
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February 13, 2014, 11:03:26 PM
 #1

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.

More: http://bitcoinmagazine.com/10159/california-bill-legalize-bitcoin/
roslinpl
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February 13, 2014, 11:30:23 PM
 #2

Alright! Smiley

Good job! Smiley

I hope it works!
grumpy619
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February 14, 2014, 03:42:51 AM
 #3

Watching this.



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roslinpl
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February 14, 2014, 10:11:48 AM
 #4

waiting for responds Smiley
DubFX
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February 14, 2014, 10:25:10 AM
 #5

Good luck, you have my support!
Griegura
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February 16, 2014, 04:45:54 PM
 #6

Let's  see how this plays out!

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_Miracle
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February 17, 2014, 01:24:59 AM
 #7

This was what I came here for ;-) It's about time legislature gets something right and makes it simple.

http://abnk.assembly.ca.gov/sites/abnk.assembly.ca.gov/files/AB_129_0_ABPCA_CX27_Dickinson_RN_SN_20140107_FAROUKMA_20140121_FN_R092121.pdf


*though I've never seen the term "Dark Fantasy" used in a piece of legislation before ;-)

There 'used' to be more truth in forums than anywhere else.  Twitter:  @cryptobitchicks  Spock: "I am expressing multiple attitudes simultaneously. To which are you referring?"  INTJ-A
sshapiroNJ
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February 21, 2014, 03:52:22 PM
 #8

Great ! Wish everything will work good. Time will tell
techgeek
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February 21, 2014, 05:23:40 PM
 #9

YES!!! Finally, someone making an attempt lol.

PolybiusSquare
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February 23, 2014, 03:30:32 AM
 #10

It got passed!

Bill AB129

Articles:

California passes bill declaring cryptocurrency legal-tender

California just passed law making bitcoins legal money
repentance
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February 23, 2014, 04:08:34 AM
 #11


The first headline is outright wrong.  The legislation doesn't make crypto-currency "legal tender" (that has a very specific legal meaning).

What's going to be interesting now that it's explicitly lawful for alternative currencies to be used is to see what kinds of conditions are imposed on issuers (this legislation covers more than just crypto-currencies) and financial services handling these currencies (because they weren't previously recognised as "currencies", some financial services regulations weren't previously applied in this sector - that will almost certainly change now).

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
row5_seat47 (OP)
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February 23, 2014, 10:54:10 PM
 #12

it was signed into law by the Governor?  Nope.
 It passed Assembly.

Don't believe everything you read.

That said there doesn't appear to be any movement
http://www.leginfo.ca.gov/pub/13-14/bill/asm/ab_0101-0150/ab_129_bill_20140206_history.html

since I broke this story with Bitcoin Magazine
http://bitcoinmagazine.com/10159/california-bill-legalize-bitcoin/


kroleg
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March 01, 2014, 10:20:20 AM
 #13

That's great! I hope it will work in other places soon too!
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March 03, 2014, 10:53:55 AM
 #14

Time will tell us, will work or not. Hope it will!

roslinpl
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March 03, 2014, 01:42:39 PM
 #15

Time will tell us, will work or not. Hope it will!

yeah well. It must work Smiley support like this can change a lot in cryptoworld.

I believe it will be a success.
cistbled
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May 15, 2014, 11:11:42 AM
 #16

Alright! Smiley

Good job! Smiley

I hope it works!

I hope also becase if the you this is reveloution of Btc Cheesy
bassguitarman
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May 15, 2014, 07:37:36 PM
 #17

I hope it goes through
LostDutchman
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May 18, 2014, 05:14:25 AM
 #18

All of you are missing the point.

Why does Bitcoin need to be "Leagalised"?

You are walking right into it.

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Este Nuno
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May 18, 2014, 02:30:18 PM
 #19

What would realistically happen if it wasn't legalized?

Also, what has happened to the bill? What sort of timeframe are we generally supposed to expect here for it to become law?
LostDutchman
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May 19, 2014, 12:47:42 AM
 #20

What would realistically happen if it wasn't legalized?

Also, what has happened to the bill? What sort of timeframe are we generally supposed to expect here for it to become law?

I hope never because "becoming law" defeats the purpose.

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