Ab 1326 bitcoin news
Quite a few Bitcoin enthusiasts are closely eyeing the regulatory proceedings in the United States. Multiple states are looking at ways to give Bitcoin a legislative and regulatory framework, affecting both individual users and companies in the area.
After the disaster of BitLicense, Ab 1326 bitcoin news was the next state on the list to propose a framework draft. That Bitcoin bill was shut down quickly though, as it failed to pass in Legislature a few days ago. It goes without saying that any form of Bitcoin regulation is faced with much scrutiny.
Similar to how BitLicense operates, Californian Bitcoin companies would be forced to apply for a specific license, or withdraw their services from the state altogether.
Luckily for all parties involved in the Bitcoin world, the AB Bitcoin Bill never passed Legislature before the deadline of September 11th. In an unexpected turn of events, the AB Bitcoin Bill not only faced scrutiny from the Ab 1326 bitcoin news community, but also from Californian legislators. A call campaign against the Bitcoin Bill was launched shortly after the draft was announced. Regulating them now will lock us into an early moment in their evolution, before we know where the technology is headed.
Furthermore, the California virtual currency license is being touted ab 1326 bitcoin news a model bill. That means its backers are trying to pass it here, then spread it across the country state-by-state. Especially the lack of an exemption for software development, startups and Bitcoin miners make the traditional ab 1326 bitcoin news transmitter regulations a real threat to virtual currency.
Despite the California AB Bitcoin Bill not ab 1326 bitcoin news Legislature, there will be more attempts to draft up regulatory guidelines for virtual currency in this and other states.
However, AB could very well be a sign of things to come as far as Bitcoin regulation in the US is concerned. With each state having the option to draft their own bills and proposals, there will be several BitLicense clones popping up in the next few years. Hopefully, all of those ab 1326 bitcoin news will be toned down a bit, creating a viable regulatory ab 1326 bitcoin news for Bitcoin startups. By making your opinion heard, you can affect local regulatory Bitcoin attempts. Reach out to your alderman, parliament or government as soon as they are coming up with a Bitcoin regulation draft.
Without a proper dialogue between legislators and Bitcoin community members, there can never be proper regulation. JP Buntinx is a freelance writer active in the world of financial technologies. His work can be found all over the internet, and a complete portfolio is available at http: JP Is always open to new challenges and ideas. You must be logged in to post a comment. Leave a Reply Cancel reply You must be logged in to post a comment. This site uses cookies: