" The next version of the bill, which could be introduced as early as January 2017, will look different, Farouk said. California state's plans to introduce legislation creating a BitLicense have stalled after the latest version of the bill drew criticism from virtual currency advocates for its lack of clarity. The bill, which would create an online registry and licensing system for businesses that accept bitcoin, was introduced in January by state Sen. Scott Wiener (D-San Francisco). " The legislation introduces an enrolment programme for virtual currency businesses, but does not specify whether they would also be exempt from money transmission licensing. A heavily revised version of the bill is expected to be reintroduced next year.
California state's plans to introduce legislation creating a BitLicense have stalled after the latest version of the bill drew criticism from virtual currency advocates for its lack of clarity. The bill, which would create an online registry and licensing system for businesses that accept bitcoin, was introduced in January by state Sen. Scott Wiener (D-San Francisco). " The legislation introduces an enrolment programme for virtual currency businesses, but does not specify whether they would also be exempt from money transmission licensing. A heavily revised version of the bill is expected to be reintroduced next year.