Bitcoin as legal currency bill for approval of governor in California

Bitcoin as legal currency bill for approval of governor in California

California 129th bill, the bill to promote digital currencies as legal currency in the state, have been submitted to the governor’s office for final approval, approval will become law.

Bill AB-129 is just put forward by the California Senate Banking and financial institutions committee two weeks ago, the meeting voted 7 to 1 to pass the bill. AB-129 proposed by Roger Dickinson, is intended to promote the digital currency become another choice of dollars.

Dickinson recently commented that the law will allow California residents with a variety of payment instruments. He said: “in the history of the means of payment, from Amazon coins (Amazon Coins) to Starbucks (Starbucks Stars), all the money in a certain program instead of currency. The bill would allow California residents to pay means further extended to the field of mobile payments and digital currency.”

Legislative trip

AB-129 was the first digital currency bill community attention in February, there were reports that the California house of Representatives passed the bill. The distance become law completed half of the journey.

Then, the California Senate Banking and financial institutions committee voted the AB-129 act, the legislation has entered the third stage, submitted to the governor’s office for approval. The following units approved legislation to achieve a total, the Senate policy committee, the Senate Finance Committee, and the senate.

Show that the California legislature in June 19th, the Senate voted 7 in favor of the 1 opposition by AB-129. In June 23rd in the house of Representatives voted 52 to 11 the proportion of voting through the bill. 现在只需要经过州长Brown的签字即可成为法律。

Bitcoin in California

This legislation will promote the establishment of the bitcoin ecosystem, will make bitcoin more popular in California.

The latest statistics CoinDesk analysis pointed out that more than 40% bitcoin experts praised California.

Of particular note is that AB-129 is not for the local economic ecosystem design law. Dickinson told CoinDesk in March that on behalf of the government from neutral to positive design regulations.

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