California, known for its innovation and technology, has recently implemented a new law that limits Bitcoin transactions. This move reflects the state\“s commitment to regulating digital currencies while still embracing their potential.
According to the new law, Bitcoin transactions are now subject to strict regulations to ensure consumer protection and prevent illegal activities. This includes requiring Bitcoin exchanges to comply with anti-money laundering （AML） and know your customer （KYC） regulations.
While this might seem like a setback for Bitcoin enthusiasts, it\“s actually a step forward in integrating digital currencies into the traditional financial system. It also showcases California\“s proactive approach to balancing innovation with regulation. |
