24 Jun '13, 10am

California 'falsely' accuses Bitcoin Foundation ~ #SafetyAndSoundness

California 'falsely' accuses Bitcoin Foundation ~ #SafetyAndSoundness

I received a letter ordering us to cease and desist from doing online notarization. ... We were not doing so, so [we said] "We have not, and never have, conducted the activity you accuse us of." ... A few weeks later, they posted a "consumer warning" on their website saying that our company was in effect defrauding companies. Then, several other states copied that language without contact. ... I told them we were hurt by these baseless accusations, and they admitted that they really had no evidence. ... They basically said "we are too busy to update the website right now." ... After months of effort, I was able to one by one get most of these ultimately removed or reworded. ... California was the last holdout. I basically began the process of suing them for massive damages...the only thing that was able to get them to change the wording. ...it genuinely scares me what gove...

Full article: http://blogs.computerworld.com/financial-it/22377/califor...

Tweets

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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...

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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businessinsider.com 23 Jun '13, 8pm

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

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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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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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pcworld.com 24 Jun '13, 1am

A foundation created last year to shepherd Bitcoin's software development has received a stern warning from a California f...

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theverge.com 23 Jun '13, 6pm

California's Department of Financial Institutions is going after Bitcoin. Today, Forbes published a cease and desist lette...

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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 issued cease and desist order against Bitcoin Foundation

California issued cease and desist order agains...

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 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 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...