24 Jun '13, 2pm

Bitcoin Foundation hit with cease and desist order

Bitcoin Foundation hit with cease and desist order

The Bitcoin Foundation has received a cease and desist letter from the California Department of Financial Institutions, saying that they have been informed that the organization "may be engaged in the business of money transmission without having obtained the license or proper authorization required by the California Financial Code." Jon Matonis, who serves on Board of Directors for Bitcoin Foundation, explained for Forbes that the nonprofit corporation whose goal is to standardize and promote the open source Bitcoin protocol, but actually "does not engage in is the owning, controlling, or conducting of money transmission business." The cease and desist letter has been delivered on May 30, and the deadline for responding to it and to comply with the request has passed a few days ago. Matonis didn't share what steps the Foundation has actually made in the meantime. If the C...

Full article: http://www.net-security.org/secworld.php?id=15128

Tweets

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 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 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...

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...

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...

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 ...

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...

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 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...

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 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 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...