It will cost almost $10,000 for someone in SF to launch a Bitcoin start-up that can operate in California. Imagine the cost of a business which serves all 50 s

It will cost almost $10,000 for someone in SF to launch a Bitcoin start-up that can operate in California. Imagine the cost of a business which serves all 50 states if they all roll-out similar legislation! Non-refundable license application fee: $3,500 License fee: $5,000 Annual License Renewal: $2,500 Annual Physical Location (per location) Fee: $125 CA LLC minimum fee: $800 SF Annual Business License Fee: $90 I hope well-funded VC start-ups like CoinBase did not contribute to this awful bill. Why would a random legislator in Los Angeles propose AB-1326? http://www.scribd.com/doc/263598568/AB-1326-Virtual-Currency-California-Assembly-Committee-on-Banking-and-Finance http://www.scribd.com/doc/263598568/AB-1326-Virtual-Currency...