Bitcoin Legal in California

In what amounts to a huge win for digital currencies and online payments systems across the board, California signed into law bill AB 129 — otherwise known as the ‘Lawful Money’ bill that legalizes digital currencies across the state. The bill, however, doesn’t introduce any form of regulation for Bitcoin, and to a certain extent relies on governmental intervention on that front. It’s the biggest victory for the most prominent alternative currency yet, and represents a big step forward in the public acceptance of digital currencies and digital wallets.