California is also considering a type of regulation on
Bitcoin. Regulation can be good, when done properly and fairly. My fear is that
with the new laws and regulations, they may “price out” many of the small
bitcoin businesses with the fees. California’s AB-1326 will place a $5,000 filing fee.
Sure some of the
companies have that laying around, but that’s not the case for small businesses
and startups. The final fee for New York will be known in the near future, it's expected to be around $5,000 as well.
They should lower the fee significantly or
introduce a tier system where those with higher assets and net worth would pay a higher fee than those with lower assets. If the fee is yearly, they should then review the performance, profit, assets, and net worth to determine what if any increase is to be imposed. This would give the small businesses a fighting chance.
You can sign the change.org petition to withdraw AB-1326
here
http://chn.ge/1AzmgAO
