California Introduces New Bill to Regulate Bitcoin and Crypto Businesses, Calls for $50,000 Penalty for Violations

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Assembly Majority Leader Ian Calderon has introduced Assembly Bill 1489, which would govern virtual currency business activity that takes place with or on behalf of residents. The bill is similar to New York’s BitLicense, and would require companies to go through an approval process to conduct crypto-related activities in the state. According to the legislation, […]

The post California Introduces New Bill to Regulate Bitcoin and Crypto Businesses, Calls for $50,000 Penalty for Violations appeared first on The Daily Hodl.

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