Concerns have been raised over the future of cryptocurrency start-ups in California after the so-called "California BitLicense" passed Senate. A petition from cryptocurrency supporters is currently in circulation, with critics of the bill highlighting its vague and confusing language. Bitcoin companies fear that the onerous regulation could force them to operate in a patchwork legislative environment with varying fees, applications, and requirements needing to be navigated.
Concerns have been raised over the future of cryptocurrency start-ups in California after the so-called "California BitLicense" passed the State Assembly. A petition from cryptocurrency supporters is currently in circulation, with critics of the bill highlighting its vague and confusing language. Bitcoin companies fear that the onerous regulation could force them to operate in a patchwork legislative environment with varying fees, applications, and requirements needing to be navigated.