Bitcoin legal tender california

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El Salvador becomes first country to make bitcoin legal tender
Until now, cryptocurrency companies in California have operated without a license, but this is set to change with the introduction of the. California could be the first state to accept bitcoin as legal tender, but it may mean going up against the US Constitution. On October 13, , California enacted two bills that significantly expand the regulation of virtual currency-related activities in California.

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California, one of the most significant holdouts in the context of regulating virtual currency activities under state money transmission laws or similarly constructed virtual currency-specific licensing laws , will soon have in place what seems to be the most stringent virtual currency licensing laws of any state. The Act contains many detailed and nuanced requirements, but we have identified seven important takeaways: 1. Salt Lake City, UT.