05 Jul '13, 8pm

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

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

The Bitcoin Foundation is defending the virtual currency to California’s banking department, explaining bitcoin doesn’t qualify as a payment instrument under the state’s money-transmission rules. Associated Press In a lengthy letter addressed to Tara Murphy, an assistant attorney general in the California Department of Financial Institutions, the Washington-based group also stuck up for itself, saying it doesn’t sell or exchange the virtual currency. The foundation is one of several entities that recently have been called out by state regulators who are trying to sort out the bitcoin conundrum. They are taking their cue from federal regulators, who in March said that bitcoin exchanges must follow the same anti-money laundering rules that apply to the likes of Western Union Co. California is known to be particularly aggressive in enforcing money-transmission rules. In the l...

Full article: http://blogs.wsj.com/moneybeat/2013/07/05/bitcoin-trade-g...

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Is California trying to shut down Bitcoin? via @DailyDot

Is California trying to shut down Bitcoin? via ...

dailydot.com 05 Jul '13, 9pm

Bitcoin is battling for survival in California, as state regulators seem intent to strangle the cryptocurrency.The latest ...

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...

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

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reason.com 03 Jul '13, 4pm

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Bitcoin Group to California: You Have No Jurisdiction Over Us

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americanbanker.com 02 Jul '13, 8pm

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

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Bitcoin Group to California: You Have No Jurisdiction Over Us — A group that promotes the digital currency Bitcoin has thr...

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