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.