As news of Californian Assembly considering the digital currency – Bitcoin – as legal transaction hit the headlines, there are mixed reactions.
You need to understand the rules and regulations of the Ethereum Dice to deal in the digital currency. There are mixed reactions available to the traders with the bitcoin playing of the games. The meeting of the needs and requirements is possible for the players.
Where the virtual currency enthusiasts welcome the encryption-based currency as the new age of commerce and endorse legal moves by governments, the non-enthusiasts are able to run rings around the proposal considering the ‘sleazy’ and ‘scammy’ nature of the currency in question.
However, the Californian Government, which has been proactive on other controversial subjects before, appears to be setting the stage for the advent of the new age commerce ecosystem.
If reports be followed, the state could soon have a new law for Bitcoins as well as other forms of cryptocurrencies.
The law now called California Assembly Bill 129, could well render virtual currency ‘legal tender.’ While you chew over how a currency, which has no physical form and is only a series of numbers can be legal tender, then it is time you consider digital currency in new light.
For, it cannot b denied that cryptocurrency do hold a sensible line of thought, in terms of safety as well as the format of exchanging currencies itself!
Cash alternatives the future of commerce
According to the law makers, it cannot be denied that virtual currencies will soon become an integral part of the commerce structure in the country and eventually globally. The current popularity of Starbucks Stars as well as Amazon Coins were considered as telling examples for the move to propose legalization of digital currency in the state of California.
The California Assembly Bill 129, the lawmakers believe, is proactive in equipping its citizens the right ecosystem to tender and transact in cash alternatives.
The move to the digital currency alternative is primarily being driven by the higher use of digital and mobile devices as well as the penetration of smartphones across consumer segments!