Coin Center submitted this letter to the California State Assembly regarding AB 1326 Virtual Currency. The bill, which recently passed through the Assembly, 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.
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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 permisionless blockchain technologies.