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Lawmakers Have Defined Blockchain – Badly

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Bitcoin is many things to many people. To some, it is a peer-to-peer version of electronic cash, just as Satoshi intended. To others, it’s a store of value, while yet others see it as a system for remittance. When it comes to Bitcoin’s ledger – the blockchain – interpretations are equally divided. This presents a problem in a court of law, as the state of California is about to discover.

Also read: California Passes Bill Defining Blockchain and Crypto Terms

California Believes It Can Define Blockchain

Lawmakers Have Defined Blockchain – BadlyAs we reported earlier this week, a draft law has been passed for ...

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