Author

Topic: California Bill Update Eases Burden for Bitcoin Startups (Read 1145 times)

legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
On the whole, it appears better than the BitLicense. I guess we'll see. Hopefully, something more like this becomes the trend rather than the BitLicense.

The title of this post is VERY misleading.
There is NOTHING in this bill that makes running a Bitcoin Startup easier.

It is a bad bill, it should not pass.
newbie
Activity: 56
Merit: 0
On the whole, it appears better than the BitLicense. I guess we'll see. Hopefully, something more like this becomes the trend rather than the BitLicense.
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
It is only slightly less stupid.  It should not pass.
full member
Activity: 133
Merit: 100
“The bill would authorize a person or entity conducting virtual currency business with less than $1,000,000 in outstanding obligations and whose business model, as determined by the commissioner, represents low or no risk to consumers to register with a $500 license fee and, if approved, receive a provisional license to conduct virtual currency business.”

Original from Coindesk news:
http://www.coindesk.com/california-bitcoin-bill-burden-startups/

What do you think of it?
How would you compare it with New York state's BitLicense?
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