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Topic: California makes Bitcoin Legal Tender - page 2. (Read 6235 times)

legendary
Activity: 2450
Merit: 1076
keybase.io/fallingknife/
January 04, 2015, 11:32:31 AM
#7

Good news, the state by state regulating strategy is working and its not time/money consuming at all  Roll Eyes
Yes.  50 states + DC all regulating. What could possibly go wrong?
legendary
Activity: 1316
Merit: 1000
January 04, 2015, 05:50:44 AM
#6

Good news, the state by state regulating strategy is working and its not time/money consuming at all  Roll Eyes
legendary
Activity: 2226
Merit: 1052
January 04, 2015, 05:49:12 AM
#5
they are really something in California

http://cointelegraph.com/news/113235/bitcoin-becomes-legal-tender-for-transactions-in-california

California Governor Approves Bitcoin for Transactions:

Bitcoin can be accepted and used for transactions in the US state of California as of yesterday, following the ratification of a new finance bill. Previously, only US Dollars were officially recognized, but the new bill allows for the use of other national and digital currencies.

Among a raft of new legislation coming into force for 2015 in California is the bill AB129 passed by Governor Jerry Brown in mid-2014. Aimed at ending a prohibition against using any alternative to US dollars for commerce in the state, the bill recognizes and permits the use of alternate currencies for transactions, including digital currencies such as Bitcoin, at the legislative level.



Funny joke. A state can not make a decentralized digital currency a legal tender. California is just allowing bitcoin transaction and that is a good step forward.
full member
Activity: 139
Merit: 100
January 04, 2015, 05:43:30 AM
#4
Whoever wrote this ridiculous title has no clue what "legal tender" is.

No, California didn't make Bitcoin legal tender. (I don't think that a state has the power to mandate that anything but US dollars, gold or silver is legal tender, and only very few states have mandated it about gold and silver, but I could be wrong on that; US Constitutional law is not my field of expertise.) California just decided to officially allow voluntary business transactions in Bitcoin.
legendary
Activity: 1358
Merit: 1000
January 04, 2015, 03:26:19 AM
#3
California makes btc legal tender, that's a step forward. california and new york are usually the 1st to adopt such large ideas.

Bitcoin is legal tender in California and it's going down? no, this makes no freaking sense, I am holding my coins

most people watching this ludicrous price drop realize the exchanges will just move the price up like a slider as soon

as REAL buy orders start flooding in for cheap coin,
sr. member
Activity: 322
Merit: 252
Here I Am !!
January 04, 2015, 03:21:27 AM
#2
California makes btc legal tender, that's a step forward. california and new york are usually the 1st to adopt such large ideas.

Bitcoin is legal tender in California and it's going down? no, this makes no freaking sense, I am holding my coins
legendary
Activity: 1358
Merit: 1000
January 04, 2015, 02:49:39 AM
#1
they are really something in California

http://cointelegraph.com/news/113235/bitcoin-becomes-legal-tender-for-transactions-in-california

California Governor Approves Bitcoin for Transactions:

Bitcoin can be accepted and used for transactions in the US state of California as of yesterday, following the ratification of a new finance bill. Previously, only US Dollars were officially recognized, but the new bill allows for the use of other national and digital currencies.

Among a raft of new legislation coming into force for 2015 in California is the bill AB129 passed by Governor Jerry Brown in mid-2014. Aimed at ending a prohibition against using any alternative to US dollars for commerce in the state, the bill recognizes and permits the use of alternate currencies for transactions, including digital currencies such as Bitcoin, at the legislative level.

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