Contrary to popular belief, it seems like California is not going to become the second state after New York City to implement a BitLicense regulatory framework in the foreseeable future.

According to recent reports, it seems like the lawmaker who introduced the AB 1326 digital currency law to the California Assembly, Matt Dababneh, has decided shelve the law following several conversations with digital currency experts and companies. With this in mind, the law will not be voted on this year, as more time is reportedly needed in order to study the measure, its possible outcomes and long-term effects.

A while ago, Bitcoin fans from all around the world looked up to the Bitcoin Foundation, due to their positive influence on the market. However, things changed as time passed, and now, it looks like the Foundation might be close to dying out.

According to Olivier Janssens, one of the latest additions to the Foundation’s board, he was removed from the board by force, after the latest board meeting, when he proposed a couple of measures that would encourage an increase in the Foundation’s income in the long term. His tenure ended after members voted for him to be removed, following his motion meant to encourage the Foundation to come up with a business plan, prior to engaging into yet another funding process.

Chances are that all of those who are involved with Bitcoin had the thought of a Bitcoin bank cross their minds. While many like the currency thanks to the fact that it eliminates the need to go to a bank and cope with the different situations that have given these institutions a bad reputation, there are some who think that a Bitcoin bank may not be such a bad idea.