“That he vetoed a similar bill last year, and he and the bill’s authors were willing to work with industry to improve it, demonstrates that they do not want to cripple the industry in California,” Klaich said. “It is a reasonable regulatory regime largely on par with other states’ money transmitter licensing, and notably grants conditional licensing to firms that possess New York’s more onerous BitLicense.”
Crypto World Cautiously Hopeful as California Acts in Absence of U.S. Feds
