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DOMAINS TOKEN-G

Ronald Maguire

10 May 2022 118 Read Crypto , Bitcoin , Blockchain

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California Ready to Adopt and Regulate Cryptocurrencies

The state of California is the first US state to formally consider using cryptocurrencies. Newsom, the governor of California, signed an executive order on Wednesday requiring government agencies to establish rules for the acceptance of cryptocurrencies in the state.

The state's actions are consistent with US federal government guidelines, which allow government agencies to work with the federal government to create appropriate regulations for the proper use of digital assets. The statement signed by the governor also allows agencies to look beyond cryptocurrencies, but also finds ways to incorporate other relevant aspects of blockchain technology into the state apparatus.

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