Published on August 17th, 2015 | by bitcoin0
Bitcoin creator Satoshi Nakamoto would have never qualified for a license
With assistance from Joseph Bonneau, Lee Tien, and Jamie Williams Bitcoin creator Satoshi Nakamoto would never have qualified for a license under California’s proposed virtual currency regulation
As a result, pretty much all virtual currency businesses would have to either cut off California customers or seek a license in the state.
Satoshi would never have qualified for a license under California’s regulatory proposal unless he sacrificed his much-guarded privacy.
Just like the virtual currency license, qualifying for the provisional license may require detailed personal data.
It’s unclear from the bill whether the provisional license applicants must turn over all the data that are necessary to apply for the regular virtual currency license.