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Title: 2013-06-25 Trouble with Bitcoin as the government muscles in Post by: cescan on June 26, 2013, 12:15:09 PM http://www.pcworld.com/article/2042860/trouble-with-bitcoin-as-the-government-muscles-in.html
The biggest news arrived yesterday when the Bitcoin Foundation, a Seattle nonprofit organization founded primarily to promote the virtual coins, said it had received a cease and desist order from the State of California's Department of Financial Institutions. Failure to comply would subject the group to fines of up to $2,500 per violation per day and possible criminal prosecution to boot. The charge: It is a crime to engage in a "money transmission business" without a license. (The U.S. Treasury Department issues these licenses; failure to register is punishable by additional fines and prison time. Title: Re: 2013-06-25 Trouble with Bitcoin as the government muscles in Post by: Gabi on June 26, 2013, 05:12:44 PM Lol.
Title: Re: 2013-06-25 Trouble with Bitcoin as the government muscles in Post by: vokain on June 26, 2013, 06:12:14 PM The charge: It is a crime to engage in a "money transmission business" without a license. (The U.S. Treasury Department issues these licenses; failure to register is punishable by additional fines and prison time. BF should sue for libel :) |