California Lawmaker Introduces Draconian Bill to Ban Unlicensed Bitcoin Business

Just when the things were looking right for Bitcoin in the State of California, a new draconian bill jumped in to step on the silver platter.
Proposed by Californian Assembly Member Matt Dababneh, the Bill AB 1326 proposes an enduring law that could ban unlicensed Bitcoin businesses in the state. While obtaining a license means like a normal job, the trouble lies in the fact that the bill never categorizes the kind of businesses that come under the newly proposed law.

This post was published at NewsBTC on Mar 12, 2015.