{"id":4525,"date":"2014-07-11T14:32:00","date_gmt":"2014-07-11T14:32:00","guid":{"rendered":"https:\/\/evssolutions.com\/bitcoin-becomes-legalized-in-california\/"},"modified":"2014-07-11T14:32:00","modified_gmt":"2014-07-11T14:32:00","slug":"bitcoin-becomes-legalized-in-california","status":"publish","type":"post","link":"https:\/\/evssolutions.com\/insights\/bitcoin-becomes-legalized-in-california\/","title":{"rendered":"Bitcoin Becomes Legalized in California"},"content":{"rendered":"

In many ways the Internet
\nhas been an incredible boon to business, but it has a few drawbacks. The same
\ncan be said for the cryptocurrency, Bitcoin<\/a>. It seems fitting thatCalifornia, the home of Silicon Valley, is the latest state to make Bitcoin
\nlegal. While not considered official currency in most states, Bitcoin use is
\nnot illegal and morestate governments are getting involved with Bitcoin.<\/p>\n

New York recently said it would begin
\naccepting proposals to build a virtual currency regulation system, and the
\nTexas Department of Banking said it would permit Bitcoin transactions but noted
\nthat Bitcoin transmissions are not legally currency transactions.<\/span><\/span><\/p>\n

The near anonymity ofBitcoin,lack of legal control and potential
\nfor fraud has made some governments wary of the online currency. In most
\ncountries Bitcoin is neither completely legal nor illegal; it’s
\nsomewhere in between. Some governments are concerned about losing control of
\nthe money supply should Bitcoin become extremely popular. The potential for
\nfraud using the totally unregulated currency is also a concern. Despite their
\ndoubts, only two countries have made Bitcoin illegal: Iceland and Vietnam.
\nIceland shut the flow of incoming bitcoins, because its central bank restricts
\nhow citizens may send money abroad. Vietnam’s government declared trading in
\nBitcoin and other electronic currencies against the law.<\/span><\/span><\/p>\n

Despite the doubts expressed by many
\ngovernments, the private sector continues to increase the use of Bitcoin. A
\nnumber of retailers, especially those in the tech field, have begun accepting
\nBitcoin. Newegg became the latest with an announcement today. Dish Network has
\nalso started accepting Bitcoin, becoming the largest retailer thatis not strictly online to do so. Intuit is another large retailer thatis beginning to accept Bitcoin. The online financial
\ncompanies PayPal and eBay have both indicated they may begin accepting Bitcoin.
\nThis would go some way towards increasing its appeal. Despite its popularity,
\nBitcoin will require a high quality electronic verification system. <\/span><\/span><\/p>\n

With the global appeal of currencies like Bitcoin,
\nthe threat of fraud is no longer limited to our countrys borders. Businesses
\nmust adjust to this newly forming danger. The IdentiFraud<\/span><\/a>solution<\/span>provides the peace of mind in knowing that, regardless of country, EVS can
\nestablish efficient ID Verification with customers around the globe. Products
\nranging from ID Card Verification to International Residence Verification are
\neffectively utilized to not only help US-based companies, but as well as,
\ninternational corporations looking to obtain essential fraud protection in the
\nglobal marketplace.<\/span><\/p>\n

<\/p>\n

<\/p>\n

[Contributed by EVS Marketing]<\/span><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

In many ways the Internet has been an incredible boon to business, but it has a few drawbacks. The same can be said for the cryptocurrency, Bitcoin. It seems fitting that California, the home of Silicon Valley, is the latest<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4525"}],"collection":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/comments?post=4525"}],"version-history":[{"count":0,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4525\/revisions"}],"wp:attachment":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media?parent=4525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/categories?post=4525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/tags?post=4525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}