California clears way for Bitcoin

California clears way for Bitcoin

By Reuters

Democratic Assemblyman Roger Dickinson, the bill's author, said earlier this week the bill reflects the popularity of forms of payment already in use in California like Bitcoin and that even rewards points from businesses, such as Starbucks Stars, could technically be considered illegal without an update to currency law in the nation's most populous state.

An analysis of the bill prepared for lawmakers mentions "community currencies", which are created by members of a local area along with participating merchants and are sometimes designed as a protest of U. S. monetary policies, among the forms of alternative payment methods now in use in certain parts of the United States.

Read more here: Business Spectator

    

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