SACRAMENTO—Californians might be able to use cryptocurrencies to pay for groceries, rent, or driver’s license renewal as early as next year after two bills were introduced recently to make digital currency an acceptable form of payment. Last month, Sen. Sydney K. Kamlager (D-Los Angeles) introduced Senate Bill 1275, which would authorize state agencies to accept crypto for government services, and California Assemblyman Jordan Cunningham (R-San Luis Obispo) introduced Assembly Bill 2689, which would make virtual currency an acceptable form of tender for goods and services in both private and public entities. Both will signal the state is “open for business” in the crypto market, said Ian Calderon, a consultant and former majority leader of the California State Assembly who is advising both lawmakers with the legislation. However, Calderon said implementing cryptocurrency as legal tender faces legal ambiguity and a lack of certainty for local cities. As a result, he said, …
California Seeks to Use Cryptocurrency as Legal Tender
March 11, 2022
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