23 Jun '13, 6pm

California tells Bitcoin Foundation to stop trading or face a fine

California's Department of Financial Institutions is going after Bitcoin. Today, Forbes published a cease and desist letter sent to the Bitcoin Foundation, an organization devoted to creating best practices for the decentralized currency. Regulators accused the foundation of being "engaged in the business of money transmission" without license or authorization under California's Financial Code. If it doesn't comply with the order, it faces a fine of $1,000 to $2,500 per day or per transmission. The problem, of course, is that the Bitcoin Foundation doesn't appear to be involved in making monetary transmissions at all. Bitcoin doesn't have any kind of central regulatory authority, and trading takes place through Mt. Gox or other exchange floors. Individual companies have come under scrutiny: some have lost significant amounts of money from hacking, others have had technical...

Full article: http://www.theverge.com/2013/6/23/4457018/california-tell...

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Bitcoin Foundation Receives Cease And Desist Or...

forbes.com 23 Jun '13, 3pm

Directly following last month’s Bitcoin 2013 conference event in San Jose, CA that brought good revenue into the state, Ca...

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California's Department of Financial Institutions has issued a cease and desist letter to the Bitcoin Foundation for "alle...

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The Bitcoin Foundation has received a cease-and-desist letter from the California Department of Financial Institutions, Fo...

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forbes.com 23 Jun '13, 3pm

Directly following last month’s Bitcoin 2013 conference event in San Jose, CA that brought good revenue into the state, Ca...

California Sends a Cease and Desist Order To th...

yro.slashdot.org 24 Jun '13, 6am

"California's Department of Financial Institutions has issued a cease and desist letter to the Bitcoin Foundation for "all...

California issued cease and desist order against Bitcoin Foundation

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thehackernews.com 24 Jun '13, 8am

The Bitcoin Foundation has received a cease-and-desist letter from the California Department of Financial Institutions, wh...

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wired.com 24 Jun '13, 7pm

The California regulator that oversees the state’s banks, money-transmitters and credit unions thinks the nonprofit organi...

California issues cease and desist letter to Bitcoin Foundation

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coindesk.com 23 Jun '13, 10pm

The bitcoin community was reeling over the weekend, after it was revealed that California’s state financial regulator had ...

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bitcoinmagazine.com 23 Jun '13, 8pm

on Forbes.com by Bitcoin Foundation Board Member and Secretary Jon Matonis announced today that the Bitcoin Foundation had...

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wired.co.uk 24 Jun '13, 9am

California's Department of Financial Institutions has issued a cease and desist letter to the Bitcoin Foundation for "alle...

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wired.com 24 Jun '13, 5am

The California regulator that oversees the state’s banks, money-transmitters and credit unions thinks the nonprofit organi...

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pcworld.com 24 Jun '13, 1am

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techmeme.com 23 Jun '13, 5pm

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blogs.computerworld.com 24 Jun '13, 10am

I received a letter ordering us to cease and desist from doing online notarization. ... We were not doing so, so [we said]...