The legality of pseudocurrencies like Bitcoin has been under question for the past year, especially given their newfound popularity. While the debate roars on, California has reportedly passed a bill legalizing alternative currencies by essentially outlawing a previous bill that declared the dollar as the only legal currency.
"This bill makes clarifying changes to current law to ensure that various forms of alternative currency such as digital currency, points, coupons, or other objects of monetary value do not violate the law when those methods are used for the purchase of goods and services or the transmission of payments," reads state bill AB 129.
"In an era of evolving payment methods, from Amazon Coins to Starbucks Stars, it is impractical to ignore the growing use of cash alternatives," said State Assemblyman Roger Dickinson recently told the Los Angeles Times.
Took long enough, but it's probably just the beginning of an ongoing change in the tide.
[via The Verge]
