State & Local Government Policy, Business and Technology

The Fate of California’s Blockchain Bill Yet Undecided

Government Technology: California's blockchain legislation, that creates a working group around the electronic ledger technology, is still waiting for Gov. Jerry Brown's signature.

The legislation, AB 2658, would also change the Uniform Electronic Transactions Act to include the definition of blockchain accepted in the bill.

“Blockchain technology has exciting potential for the tech industry and private business in California. Defining blockchain technology in statute and including it in the Uniform Electronic Transactions Act will give innovators greater certainty to begin incorporating blockchain technology into their business,” Assembly Majority Leader Ian Calderon told Techwire in an email when it was introduced in February.

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