US: Californian state government mulls over regulating Bitcoin

Monday 8 December 2014 13:22 CET | News

The California state government is debating whether to regulate Bitcoin-clad digital currencies after stressing its authority in the matter.

Upcoming regulations could impose various requirements before virtual currency companies could obtain a California business license.

The companies in question will have to prove whether they have sufficient capital for operating a qualified management team which could investigate criminal background checks. The management team will also have to deal with ‘eligible securities’ activities.

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Keywords: US, California, Bitcoin, cryptocurrency, digital currency, regulation, regulators
Categories: DeFi & Crypto & Web3
Countries: World
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DeFi & Crypto & Web3

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