Bitcoin is Now Legal in California

It looks like Bitcoin scored another victory over the weekend, California’s Governor made it officially legal to conduct commerce in the state using the crypto-currency.


California Governor Jerry Brown signed a bill that repeals a section of California’s Corporations code, which prohibits companies or individuals from issuing money other that US dollars. This means that retailers are now officially able to accept Bitcoin and other crypto-currencies like Litecoin and Dogecoin in exchange for goods and services.

“In an era of evolving payment methods, from Amazon Coins to Starbucks Stars, it is impractical to ignore the growing use of cash alternatives,” Democratic Assemblyman Roger Dickinson, the bill’s author, said in a statement earlier this month. “This bill is intended to fine-tune current law to address Californians’ payment habits in the mobile and digital fields.”

Source: Reuters | News Archive

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