[2017-01-19] Washington Lawmakers Are Trying to Keep Bitcoin Out of Pot Shops

A new bill filed in the Washington State Senate is seeking to prohibit local marijuana businesses from using bitcoin.

Sponsored by Senators Steve Conway and Ann Rivers, SB 5264 seeks to amend some of the state’s rules governing the sale and distribution of marijuana products. The move comes more than four years after Washington voters passed a ballot measure legalizing marijuana in November 2012.

Under the proposed rule, businesses that work in the local marijuana industry would not be allowed to either pay for goods with digital currency or accept those kinds of payments from customers. The bill also includes a definition of "virtual currency" that explicitly targets "digital representations of value used as a medium of exchange, a unit of account, or a store of value", but excludes the "the software or protocols governing the transfer".

Read more here -> http://www.coindesk.com/washington-lawmakers-are-trying-to-keep-bitcoin-out-of-pot-shops

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