23 Jun '13, 8pm

Bitcoin Foundation Gets Cease-And-Desist Letter From California

The Bitcoin Foundation has received a cease-and-desist letter from the California Department of Financial Institutions, Forbes contributor Jon Matonis reports . Matonis' bio says he himself is on the board of the Bitcoin foundation. The agency charges the Foundation with allegedly "engaging in the business of money transmission without a license or proper authorization." You can read the full letter here. It's an odd development, since the Foundation doesn't actually perform any wire transfers, but rather serves as a kind of custodian of, or advocate for, the Bitcoin universe . It's also registered in Washington D.C. and has a mailing address in Seattle, Matonis says. Matonis himself serves on the board of the Foundation and says it remains unclear whether other Bitcoin-related firms have received similar letters. The Department is closed Sundays. Click here to read Matoni...

Full article: http://www.businessinsider.com/bitcoin-cease-desist-lette...

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California issues cease and desist letter to Bitcoin Foundation

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

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news.cnet.com 24 Jun '13, 12am

The Bitcoin Foundation, a nonprofit organization devoted to promoting best practices for the virtual currency, has been or...

Bitcoin Foundation ordered to cease operations in California

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news.cnet.com 24 Jun '13, 1am

The Bitcoin Foundation, a nonprofit organization devoted to promoting best practices for the virtual currency, has been or...

Bitcoin Foundation ordered to cease operations in California

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