Published On: Fri, Jul 8th, 2016

Industry Report: The Bitcoin Bill That Became Law

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A Bitcoin bill becomes law, a new form of Mac malware emerges, and Steemit uses digital currency to steer traffic. Want to catch up on the latest cryptocurrency news? Take a look at the stories below:
Also read: Industry Report: Is Litecoin Making a Comeback?
North Carolina Governor Pat McCrory has signed a new Bitcoin bill into law, expanding the state’s Money Transmitters Act to include cryptocurrencies.

The bill defines virtual money as:
“A digital representation of value that can be digitally traded and functions as a medium of exchange, a unit of account, or a store of value.”
The words almost seem to suggest the status of both a currency and a commodity, which would potentially bring the taxation and regulation fights to a conclusive end. Perianne Boring of the Chamber of Digital Commerce spoke enthusiastically about the bill, saying:
“The fact that this went through the legislative process is a big step forward. The bill also adds more clarity than any other state by a long shot.”
Social media platform Steemit has given over $1 million in “Steem dollars,” the site’s virtual currency, …

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