California lawmakers consider banning the use of other encryption currency bitcoin in charity raffle
California lawmakers proposed a ban on the use of bitcoin and other digital currency at a charity raffle private and non-profit organizations in the organization.
Last week, Senator TonyMendoza submitted by the California Senate bill 741 (SB741, CaliforniaSenateBill741) set up a regulatory framework for private, non-profit organization “, how to manage these entities organized sweepstakes in sports events, country fairs and other public places.
It is worth noting that the measures will ban bitcoin payment for such sweepstakes.
The provisions of the bill:
“The lottery not bitcoin exchange or any other encryption currency”.
The measures also prohibit the use of the Internet lottery sales or lottery, that California legislators hope such activities will be held under the limit online. Although not described in the bill, but the measures may be out of network security and authentication issues.
By the end of 2015 the governor’s Office approved the relevant rules of sports lottery organization held the amendment will ban bitcoin is applied to the application in this kind of activity, echoed the California Senate bill 741.
SB741 represents in recent weeks and bitcoin blockchain legislative initiatives, lawmakers in North Dakota, Arizona and Hawaii are balancing various bills associated with this technology.