03 Jul '13, 4pm

Bitcoin Foundation Bites Back: Says We Don't Need No Stinkin' Licenses

In a July 1 letter to the California Department of Financial Institutions, lawyers for the Bitcoin Foundation also clarified that the nonprofit does not itself sell bitcoins to consumers or run an exchange. But even if it did , such activity would not be regulated in California, the foundation says, arguing that selling bitcoins does not meet the state law's definition of "money transmission." The response to California's June 25 "cease and desist " letter thus makes a case for the state to lay off not only the foundation but also its member companies that exchange bitcoins for dollars and other currencies. It comes as federal and state regulators have been cracking down on such businesses, saying they must follow anti-money laundering and know-your-customer regulations, including registration and licensing requirements. Last month the department accused the Bitcoin Founda...

Full article: http://reason.com/blog/2013/07/03/bitcoin-foundation-bite...

Tweets

Bitcoin Foundation Strikes Back on Cease and Desist Order #bitcoin

Bitcoin Foundation Strikes Back on Cease and De...

bitcoinmagazine.com 04 Jul '13, 11am

The reply that the Foundation wrote back was a strong one, attacking the claim that it was engaged in unlicensed money tra...

Bitcoin Trade Group Bites Back at California - Wall Street Journal (blog) #bitcoin

Bitcoin Trade Group Bites Back at California - ...

blogs.wsj.com 05 Jul '13, 8pm

The Bitcoin Foundation is defending the virtual currency to California’s banking department, explaining bitcoin doesn’t qu...

What comes after Bitcoin: The future of digital...

salon.com 04 Jul '13, 2pm

OpenCoin is Larsen’s third technology start-up, but each business has changed how we think of money and what can be done w...

Need a snack stat? These prerun foods and drink...

runnersworld.com 02 Jul '13, 7pm

Your training plan may say it's time for your lunchtime five-miler, but your grumbling stomach begs to differ. So how can ...

Bitcoin Foundation to the State of California: ...

economicpolicyjournal.com 06 Jul '13, 5pm

The Bitcoin Foundation, the Bitcoin trade group, has sent a lengthy letter addressed to Tara Murphy, an assistant attorney...

Mt. Gox Bitcoin exchange back in action

engadget.com 04 Jul '13, 5pm

, Mt. Gox has reenabled cash withdrawals after taking its system offline to iron out the kinks. The Bitcoin exchange says ...

The curious case of Bitcoin - #bitcoin

The curious case of Bitcoin - #bitcoin

arabiangazette.com 07 Jul '13, 3am

Bitcoin seeks to become the de-facto world currency for online purchasing. Arabian Gazette’s Zain Naeem looks into the Bit...

Month in Review: June #bitcoin

Month in Review: June #bitcoin

bitcoinmagazine.com 06 Jul '13, 4pm

As far as the price and popularity are concerned, it is my own thesis that we have now returned to a pattern that old-time...

I need to know about BTC by chilly824: Hello ev...

freelancer.com 06 Jul '13, 5am

Project Description: Hello everybody, I need to know how I can buy Bitcoin by paypal balance, or I need to buy Bitcoin by ...

3 reasons why Bitcoin is getting its groove back

gigaom.com 02 Jul '13, 6pm

Bitcoin is in a slump. In recent months, the crypto-currency has been in the news for all the wrong reasons: the Departmen...

Green Building Q&A: Foundation drainage and ext...

greenbuildingadvisor.com 03 Jul '13, 3am

Hi, I am located in Massachusetts. My house sat on a stone foundation with zero to eighteen inches clearance between the f...

Bitcoin Foundation

scribd.com 02 Jul '13, 6pm

bitcoin, protect the integrity of the bitcoin protocol, and promote bitcoin through technological investment in bitcoin in...

With law against him, Singapore pol says he's gay

news.yahoo.com 02 Jul '13, 7am

SINGAPORE (AP) — This conservative city-state convicted men for homosexual behavior as recently as seven years ago, and th...

Check out the SAFRA blog here for exciting news bites and activities abound: @omySG

Check out the SAFRA blog here for exciting news...

blog.omy.sg 05 Jul '13, 9pm

Thanks to SAFRA and Creative Singapore, I get a chance to lay my hands on Creative Sound Blaster Tactic3D Rage Wireless Ga...

@ryoishikawa2013 #goryo Top3 12 who need a top 10 at The Greenbrier Classic @golfgirl @puppetmaster…

@ryoishikawa2013 #goryo Top3 12 who need a top ...

pgatour.com 03 Jul '13, 12am

That said, the race for the 125 positions in the FedExCup Playoffs intensifies with each passing week. As of Tuesday morni...