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View Full Version : California Governor Approves Bitcoin for Transactions



AnotherDave
01-04-2015, 01:02 PM
Bitcoin can be accepted and used for transactions in the US state of California as of yesterday, following the ratification of a new finance bill. Previously, only US Dollars were officially recognized, but the new bill allows for the use of other national and digital currencies.

Among a raft of new legislation coming into force for 2015 in California is the bill AB129 passed by Governor Jerry Brown in mid-2014. Aimed at ending a prohibition against using any alternative to US dollars for commerce in the state, the bill recognizes and permits the use of alternate currencies for transactions, including digital currencies such as Bitcoin, at the legislative level.



Read the rest of this article at http://cointelegraph.com/news/113235/bitcoin-becomes-legal-tender-for-transactions-in-california

Read AB129 at http://www.leginfo.ca.gov/pub/13-14/bill/asm/ab_0101-0150/ab_129_cfa_20140128_174724_asm_floor.html. Note that the California Legislature understands the difference between money and currency.

KenJackson
01-23-2015, 12:21 AM
Very good. Now it would really be nice if some state would let their residents pay taxes in bitcoin.

Chump Change
01-23-2015, 02:24 AM
Bitcoin by decree

Here we go again:rolleyes:

Acknowledgement by the government is normally the first step towards it's demise...

I don't get the mini-euphoria

California is usually one of the first states to get denigrated because of all the baloney they produce