California Assembly Nullifies Dollar Monopoly, Clears Way for Bitcoinselfnews Post AB 129 repeals an outdated restriction on the use of anything but the lawful money of the United States. The literal meaning of the restriction indicates that anyone using alternative currency is in violation of the law. However, people commonly use digital currency, community currency, and reward points without penalty. In an era of evolving payment methods, from Amazon Coins to Starbucks Stars, it is impractical to ignore the growing use of cash alternatives, Dickinson said. This bill is intended to fine-tune current law to address Californians payment habits in the mobile and digital fields. Bitcoin, a growing digital currency, has gained recent media attention as businesses have expanded to accept Bitcoins for payment. Long before the introduction of digital currencies, various businesses created point models that allow consumers to use points to pay for goods or services. The bill heads to Governor Brown for his consideration. Press release source 