24 Jun '13, 12am

Bitcoin Foundation ordered to cease operations in California

Bitcoin Foundation ordered to cease operations in California

The Bitcoin Foundation, a nonprofit organization devoted to promoting best practices for the virtual currency, has been ordered to cease operations in California. The California Department of Financial Institutions, which oversees banks, credit unions, and other financial organizations operating in the state, sent a cease-and-desist letter (see below) last month to the foundation accusing it of "engaging in the business of money transmission without a license or proper authorization." If found to be in violation of the California Financial Code, the Seattle-based foundation could be fined up to $2,500 a day per violation, in addition to criminal prosecution, according to Forbes , which first reported the story. The report noted that federal law prohibits engaging in money transmission without the appropriate state license or registration with the Treasury Department. Relat...

Full article: http://news.cnet.com/8301-1023_3-57590635-93/bitcoin-foun...

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Bitcoin Foundation ordered to cease operations in California

Bitcoin Foundation ordered to cease operations ...

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

Bitcoin Foundation ordered to cease operations ...

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...

California issues cease and desist letter to Bitcoin Foundation

California issues cease and desist letter to Bi...

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

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arstechnica.com 23 Jun '13, 9pm

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

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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...

Bitcoin Foundation Gets Cease-And-Desist Letter...

businessinsider.com 23 Jun '13, 8pm

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

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...

California sends cease and desist letter to Bit...

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...

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...

My comment on "Bitcoin Foundation Receives Ceas...

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 orders Bitcoin Foundation to "cease ...

wired.com 24 Jun '13, 7pm

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

Bitcoin Foundation comes under fire in California

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July 9-10, 2013 San Francisco, CA Tickets On Sale Now Government authorities increasingly view digital currencies, namely ...

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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...

Bitcoin Foundation hit with cease and desist order

Bitcoin Foundation hit with cease and desist order

net-security.org 24 Jun '13, 2pm

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

California has sent the Bitcoin Foundation a ce...

wired.com 25 Jun '13, 10am

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