California Delays Efforts to Regulate Bitcoin Businesses

California’s legislature has once again shelved a plan to regulate businesses in the digital currency industry.
Reintroduced after nearly a year of dormancy earlier this month, Assembly Bill 1326 has now been referred back to the state’s Rules Committee and Banking and Finance Committee – effectively freezing its progress.
Word first emerged on Friday that the measure would be delayed, and a representative for the Banking and Finance Committee has since confirmed to CoinDesk it will not be heard in the legislature again this year.
She said:
“It’s being delayed for this year.”

This post was published at Coin Desk on August 16, 2016.