Coin Center Praises California’s Updated Draft for Digital Currency Legislation


Earlier this year Bitcoin policy think tank Coin Center claimed the role of interface to policymakers and regulators, with the publication of a framework for state digital currency regulation.  On March 27, Coin Center issued a detailed commentary to New York’s BitLicense, combining measured praise with constructive criticism.

MIT Digital Currency Initiative lead Brian Forde praised the Coin Center commentary, and, in particular, the idea that regulations should strike a middle ground in such a way as to protect both consumers and digital innovators.

“Our mission is to build a better understanding of these technologies and to promote a regulatory climate that preserves the freedom to innovate using blockchain technologies,” says the Coin Center website. “We do this by producing and publishing policy research from respected academics and experts, educating policymakers and the media about blockchain technology, and by engaging in advocacy for sound public policy.”

Jerry Brito, executive director of Coin Center, praises a new amended draft of California’s AB 1326, a bill that would specify the state’s licensing regime for digital currency businesses, saying that it’s good news for Bitcoin advocates everywhere.

Read more ... source: TheBitcoinNews