California governor signs bill legalizing bitcoin

I hope this thread hasn't already been posted, I did a search.

I thought it was relevant, given the impending collapse of the dollar and all...

"California Governor Jerry Brown signed into law a bill making alternative currencies, including bitcoin, lawful in the state.

The bill repeals the provision of the old legislation, which banned the use of "anything but the lawful money of the United States."

Authors of the amendment labeled the old regulatory regime as “stagnant” and lagging behind Californian “growing and innovative payments market.”

“This bill makes clarifying changes to current law to ensure that various forms of alternative currency, such as digital currency, points, coupons, or other objects of monetary value do not violate the law when those methods are used for the purchase of goods and services or the transmission of payments,” the comments to the bill read.

While the analysis of the amendment focuses on bitcoin as a major example of what’s being legalized, it also provides a list of other digital currencies and mentions points models, which various retailers use for rewarding consumers."

[link to rt.com]