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California is Update of the Bill of the Assembly 1052 To give residents More control over their digital assetsincluding Bitcoin
BTC
$ 84,047.20
A new version of the bill, presented for the first time in February, includes additional protections for people who own or use cryptocurrencies.
The invoice AB 1052, originally called the Money Transmission Law, has been Renamed “Digital Assets” following changes Made by Avelino Valencia, Democrat and president of the Banking and Finance Committee, on March 28.
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The updated bill says Cryptocurrencies can be used for private transactions in the same way as traditional money. In addition, it aims to prevent public officials from using their roles to promote or benefit from digital assets.
A new section of the bill establishes that government workers should avoid any action that involves cryptocurrencies that may interfere with their public duties or create a conflict of interest.
Dennis Porter, CEO of the Satoshi Action Fund, He said in a statement of March 30“California often establishes the National Plan for Politics, and if Bitcoin Rights pass here, it can happen anywhere. “
Once approved, this legislation will guarantee almost 40 million Californians the right of self -ustodyse their digital assets without fear of discrimination.
At the moment, The bill is in the “desktop process”Which means that he has officially introduced and is waiting for his first review.
The Japan Financial Services Agency (FSA) recently announced plans to change the way in which cryptocurrencies are regulated according to the law. As? Read the full story.
Having completed a master’s degree in economics, politics and cultures of the Oriental Asia region, Aaron has written scientific documents that analyze the differences between Western and collective capitalism forms in the era after World War II.
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