A License to Kill Innovation: Why California’s A.B. 1326 "Bitcoin License" is Bad for Business, Innovation, and Privacy
A.B. 1326 (Dababneh) is a bill that would require “virtual currency businesses” to apply for and obtain a license in order to offer services in California, and it includes significant fees and administrative hurdles. Unfortunately, the bill’s language is so vague that it’s unclear what companies are, in fact, “virtual currency businesses.” So in spite of carve-outs for smaller companies and for software developers who don’t exercise control over the currency...
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