24 Jun '13, 11am

California sends a cease and desist order to the Bitcoin Foundation

California's Department of Financial Institutions has issued a cease and desist letter to the Bitcoin Foundation for "allegedly engaging in the business of money transmission without a license or proper authorization," according to Forbes . The news comes after Bitcoin held its "Future of Payments" conference in San Jose last month. (The license information is available on CA.gov and Forbes placed the cease and desist letter on Scribd .) If found in violation, penalties range from $1,000 to $2,500 per violation per day plus criminal prosecution (which could lead to more fines and possibly imprisonment). Under federal law, it's also a felony "to engage in the business of money transmission without the appropriate state license or failure to register with the US Treasury Department," according to Forbes . Penalties under that law could be up to five years in prison and a $25...

Full article: http://www.blacklistednews.com/California_sends_a_cease_a...

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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 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...

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 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...

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...

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...

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...

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...

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...

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 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 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 ...

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...

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...