California Governor Jerry Brown has signed a bill know as
AB129 into law in the state. AB129 legalises the use of “alternative
currency” such as Bitcoin in the state.
It
isn’t only Bitcoin that benefits from the new law. According to the
wording of the bill, it changes the 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.”
In other words, digital currencies such as
Microsoft’s recently retired points are now considered legal tender for
certain transactions in the state. The bill, however, does not open the floodgates to force businesses and government departments to accept Bitcoins. There’s still no sign of a similar move in the UK though.
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