California Bill Extends Electronic Record Definition to Include Blockchain Signatures
Ian Calderon, a California lawmaker, introduced a bill named Assembly Bill 2658 on February 15, intending to make blockchain signatures and smart contracts legal. The Assembly Member proposed to update state’s electronic record laws by incorporating blockchain signatures and smart contract as part of the legislation. If the bill is passed, it will fall under the Uniform Electronic Transaction Act. As per the existing state’s digital record law, “a record or signature may not be denied legal effe…
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