Perspective
Jul. 2, 2015
Broad virtual currency regulation proposed
A draft bill marks Sacramento's first comprehensive attempt to significantly address "virtual," "digital" or "crypto" currencies. By Paul Anton Schiffin
A bill titled "Virtual Currency" passed the current session of the California State
Assembly last month. The draft bill, Assembly Bill 1326, would add a new division
to the existing Financial Code regulating virtual currencies such as Bitcoin. This
legislation marks Sacramento's first comprehensive attempt to significantly address
"virtual," "digital&qu...
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