Published On: Wed, Feb 22nd, 2017

California Proposes to Ban Bitcoin from Charity Raffles

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The recently submitted Senate Bill 741 would prohibit the sale of raffle tickets for Bitcoin and other cryptocurrencies in the state of California.
Raffle Yes, Crypto No
A bill that addresses the regulation of organizations that conduct charity raffles in California was submitted by Tony Mendoza, a California State Assemblyman last week. Senate Bill 741 would allow non-profit organizations “established by, or affiliated with, a district agricultural association, county fair association, or citrus fruit fair association” to legally sell raffle tickets in the State.

While the bill allows the use of electronic devices to sell raffle tickets and online advertisement, it prohibits the use of anything that can be defined as slot machines as well as internet sales of raffle tickets.
The bill also includes Bitcoin, specifically, stating:
A raffle ticket shall not be sold in exchange for Bitcoin or any other cryptocurrency.
Similar mentions have been previously made in other bills related to raffles. On October 5, 2015 the Governor signed a bill prohibiting sports organizations from exchanging raffle tickets for Bitcoin or any other cryptocurrency.
While these are bad news for Bitcoinists in the state, the bill also applies the same measures to any …

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