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Newsom vetoes California Bitlicense

Governor Gavin Newsom Vetoes Californian Version of BitLicense

September 25, 2022 by Mars1

Governor Gavin Newsom vetoed a bill that would have required Californian businesses that facilitate crypto transactions to register as money transactions. The bill would also have put strict limits on stablecoins that weren’t backed by banks or otherwise approved by the state Department of Financial Protection and Innovation. Newsom cited Executive Order N-9-22, which mandated … [Read more…]

Posted in: Cryptocurrencies Tagged: Newsom vetoes California Bitlicense

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