Is crypto legal in California? Gov. Gavin Newsom signed an executive order for state agencies to move in tandem with the federal government to craft regulations for digital currencies.
Is Coinbase legal in California? The California Department of Business Oversight has not decided whether to regulate virtual currency transactions, or the businesses that arrange such transactions, under the state’s Money Transmission Act. California consumers should be aware Coinbase Exchange is not regulated or licensed by the State.”
Is cryptocurrency accepted as legal tender? Crypto will now be accepted for tax payments, and can be used to settle private transactions across the country, Zacko said. So the move is more like a country legalizing crypto use in financial markets than explicitly elevating bitcoin (BTC) or other cryptocurrencies as “legal tender.”
Can I mine Bitcoin in California? Bitcoin mining is big business in California. The state is home to some of the world’s largest bitcoin mines, and its sunny climate means there’s plenty of cheap, renewable energy to power the computers that do the mining.