Summary
- California State Assemblyman Juan Carrillo Valencia has reportedly introduced the Bitcoin Rights bill.
- The bill includes provisions guaranteeing self-custody of Bitcoin and prohibiting the imposition of taxes and restrictions related to payments, which is considered important.
- It is also reported to include a provision prohibiting public officials from issuing or sponsoring digital asset products.
As state-level Bitcoin (BTC) related bills continue to emerge in the United States, a bill granting legal rights to economic activities using Bitcoin has been introduced in California.
According to Bitcoin.com, a cryptocurrency-focused media outlet, on the 30th (local time), California State Assemblyman Juan Carrillo Valencia has introduced the Digital Financial Assets Law (AB 1052), also known as the 'Bitcoin Rights' bill.
The Digital Financial Assets Law includes provisions such as ▲ guaranteeing the legal right to self-custody of Bitcoin, ▲ prohibiting the imposition of taxes and restrictions related to Bitcoin payments. Additionally, it includes a provision prohibiting public officials from issuing or sponsoring digital asset products.
Uk Jin
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