California is one of the fifty US states located on the West Coast of the country. It is the first state in the USA in terms of GDP and is popular for its climate and multinational composition of its population. California is also famous because of Silicon Valley, which is the world’s center for digital technologies, the electronic industry and scientific research. In terms of Bitcoin in California, authorities are in the process of approving California’s Bitcoin License so that it can be possible to regulate operations using cryptocurrency. Using Bitcoin in California is definitely legal. However, getting this license will have a higher cost relative to other states. In addition, because of the high density of leading technology companies, Bitcoin conferences in California are quite frequent events that host famous cryptocurrency experts and speakers.
New legislation in California may help establish definitions of digital assets as securities, though nationwide impact is uncertain.
New Bill Would Presume That Digital Assets Are Not Securities in California
Diversified holding company DPW Holdings suspends its crypto mining business Digital Farms about 2 months before Bitcoin halving.
US Holding Firm Halted Mining Business After Bitcoin Crashed Below $4K
A class action suit against Ripple Labs may set precedent for cryptocurrencies that aren't securities to face putative claims.
Ripple Court Ruling May Expand Legal Action Potential Against Crypto
A California judge has ruled startup ICOBox must pay $16 million after the firm failed to acknowledge initial legal action from the SEC.
ICOBox Startup Fails to Acknowledge US SEC Action, Owes $16M
CA State Assembly Majority Leader pushes for legal certainty of blockchain in California, shares plans for moving forward at Elev8CON.
Majority Leader of California State Assembly Pushes for Legal Certainty for Blockchain
California-based financial firm SoFi has acquired a BitLicense from the New York State Department of Financial Services.
SoFi Obtains BitLicense to Offer Crypto Trading Services in New York
Following a partnership with Coinbase in February 2019, SoFi is introducing zero-fee crypto trading on its SoFi Invest platform.
SoFi Launches Zero-Fee Crypto Trading for Bitcoin, Ether, Litecoin