<p>There's actually a lot going on in the California state legislature regarding virtual currency regulation, and you may soon need a specific license from them (although the bill in question---AB1326---still needs to pass). You can read a little more <a href="https://coincenter.org/2015/06/our-thoughts-on-the-bitlicense-california-is-winning/" rel="nofollow">about it here from CoinCenter</a>.</p>

<p>Until that particular bill passes, it's a bit of a gray area, but it would be prudent to consider the <a href="http://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html" rel="nofollow">guidance from FinCEN</a> released two years ago.</p>

CC BY-SA 3.0
2015-06-13T18:22:57.287Z
2015-06-13T18:22:57.287Z
Josh Cincinnati
<p>I'm looking for information on Bitcoin regulation for companies.</p>

<p>Since Bitcoin is commodity, if you are a company and selling bitcoins you need to have license.</p>

<p>What are the licenses and regulators working with them? I am interested in creating a company that sells bitcoins to consumers.</p>

CC BY-SA 3.0
2015-06-08T23:44:03.103Z
What country are you in, I'm assuming the US? Can you be more specific as to what state you want to work in? The regulatory landscape can be very different even state to state.
Murch
CC BY-SA 3.0
2015-06-09T00:16:52.990Z
Well, the goal to operate in the whole US, but for now - I'm in California
Leo
CC BY-SA 3.0
2015-06-11T10:03:05.433Z
When you say "selling bitcoins", do you mean the company would be selling bitcoins it received to another company or service? Or do you mean the company would sell bitcoins to consumers?
David Schwartz
CC BY-SA 3.0
2015-06-12T16:57:06.590Z
It would sell the bitcoins to consumers
Leo
CC BY-SA 3.0
2015-06-12T21:34:05.033Z
Perhaps check out [What would it take to create my own Bitcoin exchange?](http://bitcoin.stackexchange.com/q/18540/5406) and [What is needed to make a bitcoin exchange?](http://bitcoin.stackexchange.com/q/17007/5406)
Murch
<exchanges><sell-bitcoins><regulation><financial-regulations>
What regulations are in place for Bitcoin in California?
Leo
# What regulations are in place for Bitcoin in California?

(Asked by: username_0 on 2015-06-08)

I'm looking for information on Bitcoin regulation for companies.

Since Bitcoin is commodity, if you are a company and selling bitcoins you need to have license.

What are the licenses and regulators working with them? I am interested in creating a company that sells bitcoins to consumers.

**Tags:** exchanges, sell-bitcoins, regulation, financial-regulations

> **Comments:**
> **username_1**: What country are you in, I'm assuming the US? Can you be more specific as to what state you want to work in? The regulatory landscape can be very different even state to state.  
> **username_0**: Well, the goal to operate in the whole US, but for now - I'm in California  
> **username_2**: When you say "selling bitcoins", do you mean the company would be selling bitcoins it received to another company or service? Or do you mean the company would sell bitcoins to consumers?  
> **username_0**: It would sell the bitcoins to consumers  
> **username_1**: Perhaps check out [What would it take to create my own Bitcoin exchange?](http://bitcoin.stackexchange.com/q/18540/5406) and [What is needed to make a bitcoin exchange?](http://bitcoin.stackexchange.com/q/17007/5406)  

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## 1 answers

### Answer by username_3 on 2015-06-13. Score: 3

There's actually a lot going on in the California state legislature regarding virtual currency regulation, and you may soon need a specific license from them (although the bill in question---AB1326---still needs to pass). You can read a little more [about it here from CoinCenter](https://coincenter.org/2015/06/our-thoughts-on-the-bitlicense-california-is-winning/).

Until that particular bill passes, it's a bit of a gray area, but it would be prudent to consider the [guidance from FinCEN](http://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html) released two years ago.


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