Posted on 05/08/2022 5:44:22 AM PDT by BenLurkin
The executive order calls upon the California Governor’s Office of Business and Economic Development (GO-Biz) to collaborate with the state’s Department of Financial Protection and Innovation (DFPI) and Business, Consumer Services and Housing Agency (BCSH). Together, the state agencies are tasked with devising “potential blockchain applications and ventures,” which could include applications in the “private sector, academia, and community.”
It also orders the DFPI to shape a regulatory approach to cryptocurrency, create consumer protections, as well as produce educational materials that inform California’s residents about both the risks and benefits associated with cryptocurrencies. The order specifically says the materials will “include information about how to avoid scams and frauds,” one of the major concerns about crypto.
Newsom’s plan aligns with the executive order President Joe Biden signed in March, serving as the White House’s framework for future cryptocurrency regulation. Right now, it’s too early to tell how Newsom’s order will impact California’s cryptocurrency industry — no regulatory measures have been rolled out just yet, but the plans are in place to do so.
(Excerpt) Read more at theverge.com ...
Worthless. Yeah the dipshits in CA understand blockchain and crypto. It’s like monkeys regulating fire.
cryptocurrency , easy way to lose all your money in seconds
create consumer protections, not at all included in the mindset, just how are we going to make this personally lucrative for ourselves moving forward
I prefer tulip bulbs—at least you can touch them.
;-)
Anyone in Calif already lives by decree.
cryptocurrency, easy way to lose all your money in seconds
It's cute, the way you think you still have money.
The US hasn't used money since 1971.
California Cryptocurrency = BET Card
The US hasn’t used money since 1971.
California Uber Alles
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