California BitLicense Exposes Fault Lines Among Cryptocurrency Advocates

California BitLicense Exposes Fault Lines Among Cryptocurrency Advocates

There is a rift emerging in the crypto sector. California’s (the “CA Act”) which is modeled on the Uniform Law Commission’s (ULC’s) Uniform Regulation of Virtual Currency Businesses Act (the “Model Act”) seeks to regulate companies engaged in virtual currency business activity. Not everyone is on board.