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California can allow state departments Accept the CRIPTO currency for certain payments.
New account,, Assembly Account 1180 (AB 1180),, There is passed Full Support State Assembly68 votes in favor, none against and progresses in the Senate for examination.
The account would demand that the Financial Protection and Innovation Department (DFPI) create rules that allow people cryptocurrencies to pay compensation and other accusations under the State Law on Digital Financial Property.
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This law already sets the basic framework for the management of digital assets in California, and DFPI is in charge of ensuring that financial services are honest and safe.
If the Senate also approves AB 1180 and Governor Gavin News signs, the The new rules would come into force of July 1, 2026. A pilot program would be took out and tested To January 1, 2031, according to a member of the Avelino Valencia Democratic Assembly, the sponsor of the law.
During this time, DFPI supervised how the system works and logs with updates and any problems They meet. This report is expected by January 1, 2028, and would include transactions information and any technical or legal issues.
Only those licensed by DFPI, would be allowed to process a crypto transaction within this system.
June 2 of the KRIPTO industry group invited US legislators to pass the Stablecoin account, a genius law without unrelated supplements. What did they say? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
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