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reason
Good news of the sort that one hopes technological advances will make inevitable, out of the tech-industry-heavy state of California: Bitcoin (and other 
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Scoop.it!
The California General Assembly has received a new bill that may restrict bitcoin businesses.
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Californian Governor Jerry Brown recently passed bill AB129 which legalizes digital currencies and alternative currencies for transactions within the state.
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A community without dollars is not a community without wealth – this basic insight lies at the heart of the community resilience movement. With income and wealth inequality still on the rise in our “post-recession” economy, communities are finding creative ways to meet their needs and maintain social ties through community-created forms of exchange, or complementary currencies. And, as with most social innovations, existing legal and regulatory systems take some time to catch up.
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A couple of weeks ago California officially killed a law prohibiting the use of any currency that's not the “lawful money of the United States,” like community currencies, frequent customer points, or bitcoin.
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Almost exactly one year ago, the state of California told The Bitcoin Foundation to stop trading or face hefty fines.
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According to reports California Governor Jerry Brown on Saturday signed a bill that clears away possible state-level obstacles to alternative currencies like Bitcoin. The new law now repeals an outdated California law that prohibited commerce using anything but USD.
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California lawmakers passed bill AB-129 on Monday which will create opportunity for the legal use of cryptocurrencies in the state.
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Canada’s landmark legal legislation this week came suddenly for the community – but it is not alone: now, a second official response has been heard in California.
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The California state legislature’s effort to effectively legalize bitcoin — along side a host of other alternative stores of value — as forms of money cleared an important procedural stage on Wednesday as it moved closer to becoming law.
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We believe that a resilient and just economy includes many diverse forms of exchange, allowing all members of a community to meaningfully participate in the economy and have their gifts valued appropriately.
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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation
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