California Governor Gavin Newsom Vetoed ‘BitLicense’ Bill

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CoinDesk published this video item, entitled “California Governor Gavin Newsom Vetoed ‘BitLicense’ Bill” – below is their description.

California Governor Gavin Newsom (D) vetoed a bill that would have created a licensing regime for anyone hoping to facilitate crypto transactions, likening it to how money transmissions are currently overseen by the Money Transmission Act. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down what this means for crypto regulation.

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About This Source - CoinDesk

CoinDesk is a news site specializing in bitcoin and digital currencies. The site was founded by Shakil Khan and was subsequently acquired by Digital Currency Group.

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