California Delays Formal Decision on Bitcoin Regulation

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California’s financial services and money transmitters regulator did not rule on whether it would regulate bitcoin at a scheduled December meeting.

The meeting of California’s Department of Business Oversight (DBO) was first revealed in early December by Bloomberg. Though details were scarce, spokesperson Tom Dresslar said at the time that the state was seeking to determine whether regulating bitcoin and digital currencies was in the best interest of consumers.

Dresslar told CoinDesk that though no action was taken at the meeting, the DBO still expects to come to a decision regarding when and how it might regulate digital currencies, stating:

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