25 Jun '13, 10am

California has sent the Bitcoin Foundation a cease and desist letter.

The California regulator that oversees the state’s banks, money-transmitters and credit unions thinks the nonprofit organization that advocates for Bitcoin might be in the money-sending business. So late last month Paul Crayton, a lawyer with the California Department of Financial Institutions sent the foundation a letter, telling it to “cease and desist from conducting the business of money transmission in this state.” The letter threatens $1,000-per-day fines for non compliance. The letter was published Sunday by Jon Matonis, a board member with the Foundation. It’s part of a pattern of growing regulatory scrutiny on the growing Bitcoin financial industry. According to Patrick Murck, the Foundation’s general counsel, California’s DFI has sent a similar letter to at least one other company. And state regulators in New York and Virginia have issued similar letters, though ...

Full article: http://www.wired.com/wiredenterprise/2013/06/california_d...

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

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

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 hit with cease and desist order

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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 issues cease and desist letter to Bitcoin Foundation

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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...

Bitcoin Foundation ordered to cease operations in California

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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...

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...

My comment on "Bitcoin Foundation Receives Ceas...

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