Letter to California State Assembly

The California State Assembly is considering a digital currency bill. Here is what we told them.

Coin Center submitted this letter to the California State Assembly regarding AB 1326 Virtual Currency. The bill, which recently passed through committee, would establish a licensing regime for businesses dealing with digital currencies like Bitcoin and seeking to do business in the state. California, as a globally recognized hub for innovation, would benefit greatly from getting this legislation right.

A direct download of this letter is available here.

Based in Washington, D.C., Coin Center is the leading non-profit research and advocacy center focused on the public policy issues facing cryptocurrency and decentralized computing technologies like Bitcoin and Ethereum. Our mission is to build a better understanding of these technologies and to promote a regulatory climate that preserves the freedom to innovate using permissionless blockchain technologies.