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.
‘Calexit’ is now a crypto-friendly independence initiative.
Could California become its own crypto-country?
Originally seeking to define digital assets, the bill now orders for a study to look at the impact of digital assets if these were securities.
California Moves Forward With Digital Asset Bill
The consolidated class-action lawsuit against the Tezos Foundation appears likely to end in a $25M settlement which might forestall further SEC action.
Tezos Likely Avoiding SEC Action With $25M Class-Action Lawsuit Settlement
A Californian homeowner is suing a prospective buyer for attempting to pay for 30% of the property using a “worthless” cryptocurrency.
Home Seller Sues Buyer Over Payment in ‘Fool’s Gold’ Token
Alongside the internet, cryptocurrencies have made the world a global village. Here is a list of countries that are ideal for crypto enthusiasts to live in.
The Crypto Enthusiast’s Dream: Top Countries That Tick All the Boxes
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