California Governor Jerry Brown Signs Bill Legalizing Bitcoin: http://tinyurl.com/qccwo26

“In an era of evolving payment methods, from Amazon Coins to Starbucks Stars, it is impractical to ignore the growing use of cash alternatives,” Democratic Assemblyman Roger Dickinson, the bill's author, said in an earlier statement.

Another type of a newly emerged payment system that the amendment is meant to apply to are the so-called "community currencies"; these are created by members of a local area to boost small business. Besides, as the explanation to the new legislation reads, they have “also become a form of political protest as some communities that use such currency do so in protest of US monetary policies, or large financial institutions.”

Assemblyman Roger Dickinson (D-Sacramento) said the new law he wrote only recognizes what is already happening.

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

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