Jerry Brown, governor of California, was responsible for the implementation of the bill on 1 January, 2015. The AB 129 bill repeals Section 107 of the California Corporations Code and legalises the use of reward points, gift certificates and virtual currencies, besides the USD.
Over 40% of Bitcoin-related businesses are in California and cryptocurrency operators like Coinbase and ChangeTip power the Bitcoin economy on a global scale, supporting alternative payment methods for merchants and establishments.
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