DC Cryptocurrency Lobby Turns Against California’s Bitcoin License Bill

[kreslik.news]

Coin Center, a Washington DC headquartered non-profit research and advocacy center focused on the public policy issues facing cryptocurrency technologies like Bitcoin and Ethereum, has come out against the latest version of California’s proposed new BitLicense law.

In the absence of a federal approach to the subject, individual American states have crafted their own regulations for blockchain businesses. However, the impression from the new law is that the California Legislature is not concerned that the state will have to compete with far more blockchain business-friendly states such as North Carolina to hold on to startups.

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