The Californian state assembly is considering legislation that would require all “virtual currency” businesses to acquire a US$5,000 license to operate legally.
Seeking to extend its existing legislation around businesses transmitting consumer money, the West Coast state is now looking to include “virtual currency” companies from the cryptocurrency sector in the regulations.
Drawing strong comparisons to the BitLicense proposal currently working its way through the New York legal system, the proposed legislation in Bill AB-1326 describes […]
