24 Jun '13, 8am

California issued cease and desist order against Bitcoin Foundation

California issued cease and desist order against Bitcoin Foundation

The Bitcoin Foundation has received a cease-and-desist letter from the California Department of Financial Institutions, which oversees banks, credit unions, and other financial organizations operating in the state. Jon Matonis, who is a board member at the Foundation, revealed the letter on Forbes. The agency charges Bitcoin Foundation with allegedly "engaging in the business of money transmission without a license or proper authorization ." If they found to be in violation of the California Financial Code, the foundation could be fined up to $2,500 a day per violation, in addition to criminal prosecution. Convictions under the federal statute are punishable by up to 5 years in prison and a $250,000 fine. Bitcoin doesn't have any kind of central regulatory authority, and trading takes place through Mt. Gox or other exchange floors. So, California’s decision to send a money...

Full article: http://thehackernews.com/2013/06/Bitcoin-cease-order-Cali...

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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 sends a cease and desist order to th...

blacklistednews.com 24 Jun '13, 11am

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

California sends a cease and desist order to th...

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...

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...

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...

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 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...

California issues cease and desist letter to Bitcoin Foundation

California issues cease and desist letter to Bi...

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 ...

California Sends Bitcoin Foundation Cease and D...

reason.com 24 Jun '13, 7pm

Credit: CASASCIUS/wikimedia California's message to Bitcoin supporters: if you "may be" doing the crime, we'll tell you wh...

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...

Bitcoin Foundation Receives Cease And Desist Or...

techmeme.com 23 Jun '13, 5pm

Bitcoin Foundation Receives Cease And Desist Order From California — Directly following last month's Bitcoin 2013 conferen...

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...

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...

Bitcoin Foundation Receives 'Cease and Desist' ...

cnbc.com 24 Jun '13, 1pm

Not-for-profit organization the Bitcoin Foundation has been sent a "cease and desist" letter from California's financial r...

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...