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China will ban all VPS. it is clear. The Bitcoin users from China won't be able to trade without VPS . Without trading, the chinese exchanges will close the business.
let's not forget that Russia banned bitcoin this year as well.
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Please link to where CoinBase said they are licensed and regulated in California. Right here.Um... that page says they're licensed, and it says they are operating in (among other states) California. It does not, however, claim that they're licensed in California. In fact, one link deep on the very page you posted: "The USD wallet is only available to Coinbase customers located in US states where Coinbase is either licensed to engage in money transmission, where it has determined that no such license is currently required, or where licenses are not yet being issued with respect to Coinbase's business." This seems pretty clear. Once again, please post where they said they're licensed in California. IF they are not licensed, they are outlaw. California requires a such license, New York the same. There is no grey area at all. read that with an open mind : http://www.corporatefinancialweeklydigest.com/2014/08/articles/litigation/judge-rakoff-rules-that-bitcoin-is-money-in-new-york-federal-court  |
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Coinbase is operating illegally in California, New York and others.
The law MUST be for everybody. How many people were or are in "custody" for unlicensed money transmitter? MANY !
The fact that CA and NY have not decided yet if and how to regulate "virtual currencies" doesn't necessarily mean that Coinbase operates illegally. If you read past the headlines in the ZDNet and NY Times articles you would see that. Sloppy PR and/or media reporting perhaps (to imply licensing where it's actually a "gray area"), but not the crime you're making it to be. Wrong : in 2013, Department of Homeland Security had seized $5 million from Mt. Gox’s. Mt. Gox failed to register in the U.S. as a money transmitting company. I think Mt Gox operated with Bitcoin, right? Mt Gox was different from coinbase... However report them to the authority come on ! Mt Gox WAS NOT different than Coinbase. Mt. Gox failed to register in the U.S. as a money transmitting company. They were registered in US and they accepted payments.It's simple. There are many other examples. I gave you MTGox beacuse it's more common. |
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Ca and NY stated that the new Coinbase exchange is not yet licensed.
They still could be a fully legal, licensed money transmitter for their already established services.
LocalBitcoins, BitQuick.co etc operate across the globe. Do they have any license ? He will not understand you , However coinbase for me is legit _ it is not regulated but this is obviously "bitcoin" is not regulated.Bitcoin is "regulated". You must report to IRS your revenue from BTC trading(if you have one). Anyway, Coinbase (if you used it) reports to to FINCEN (including IRS). Remember how many people who deal with BTC are in jail for the same business as Coinbase is making. People from New York, California, Texas and so on... make a search. Keep in mind the FEDERAL LAW : "a person that creates units of convertible virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter. In addition, a person is an exchanger and a money transmitter if the person accepts such de-centralized convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency.""Whoever knowingly conducts, controls, manages, supervises, directs, or owns all or part of an unlicensed money transmitting business, shall be fined in accordance with this title or imprisoned not more than 5 years, or both." |
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Coinbase is operating illegally in California, New York and others.
The law MUST be for everybody. How many people were or are in "custody" for unlicensed money transmitter? MANY !
The fact that CA and NY have not decided yet if and how to regulate "virtual currencies" doesn't necessarily mean that Coinbase operates illegally. If you read past the headlines in the ZDNet and NY Times articles you would see that. Sloppy PR and/or media reporting perhaps (to imply licensing where it's actually a "gray area"), but not the crime you're making it to be. Wrong : in 2013, Department of Homeland Security had seized $5 million from Mt. Gox’s. Mt. Gox failed to register in the U.S. as a money transmitting company. I think Mt Gox operated with Bitcoin, right? |
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Coinbase is operating illegally in California, New York and others.
The law MUST be for everybody. How many people were or are in "custody" for unlicensed money transmitter? MANY !
As a law abiding citizen you ought to report them. Do it and move on.You made my day , however I also think they are legit ( maybe not legal because bitcoin is not regulated , that's normal). Please make a search on yahoo or google or msn : unlicensed money transmitter bitcoinYou will see how many people are "suffering" because of that. The law was applied in their cases. Yes, people like you.... with families: these people have their lives...ruined. they ran the same biz as Coinbase , called unlicensed money transmitter. Why is Coinbase different? |
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Coinbase is operating illegally in California, New York and others.
The law MUST be for everybody. How many people were or are in "custody" for unlicensed money transmitter? MANY !
Don't worry Coinbase is legit and doesn't afraid of anything. Coinbase is NOT legit in California, New York other X states. Now, they are unlicensed money transmitter. |
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Coinbase is operating illegally in California, New York and others. The law MUST be for everybody. How many people were or are in "custody" for unlicensed money transmitter? MANY ! Why are Brian Armstrong and Fred Ehrsam different than others? Do they have 3 balls. 3 brains or what? |
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What does it mean [" we have license" but they DO NOT HAVE]  ? it means LIE , misleading |
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Coinbase is stating on their website " we have license" . That means, the company is LYING and misleading customers. https://support.coinbase.com/customer/portal/articles/1780543-what-is-the-usd-wallet-Official announcements from: California : California Department of Business Oversight: "California consumers should be aware Coinbase Exchange is not regulated or licensed by the State.”New York : NYDFS statement : "...that said, we have not yet issued any licenses to virtual currency firms.” How can you trust a such company? You are not licensed. OK ! But do not say otherwise Now, Coinbase is very exposed and it's most likely "someone" will knock on their door. Reason? Unlicensed Money Transmitter |
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This blocking operation basically kill most VPN services on cellphone including L2TP/PPTP/IPSec. Thank to my government , I'm have trouble in using VPN on my phone now, that on desktop works fine ,though.
I think, this would include Skype as well. Is china planning to go back to the stone age ? If you are from India, you should know that Bitcoin is banned there too . Are you from stone age? I guess not. I am curious what the Chinese exchanges will do. 99% from their clients are from China. Their servers are outside of China. Result : NO exchanges from China, including BTC China, Ok Coin, LakeBTC, Huobi The BTC price will fall because the chineses will sell their BTC ! |
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it seems they are not licensed in California....
As I've read, they are close (or at least working) to achieving licensing everywhere... So it's probably a matter of time a matter of time is not NOW. Coinbase is operating illegally NOW |
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Last year btc-e pit a message on the deposit page saying you couldn't send them money from the U.S., but I don't see that message any more. Anybody here wired money to btc-e recently?
Btc-e is using a payment processor for deposit and withdrawals, http://www.mayzusfs.com/many other exchanges are using the same Maysus. I think you can send wires from USA to them. |
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Cool, I think Brian does a fantastic job of articulating bitcoin's long term potential
I am looking for the video link of the interview, anyone got it?
Coinbase lied when they said they have a license in California. I think this is a subject not Bitcoin at TV.... Coinbase does have license in California and they said otherwise.So, they are not a legitimate exchange |
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I gotta love it when the 2 people that come to defend this place are newbs with neg trust ratings. Any more word on what happened here?
EDIT: I see tomatocage figured out they were shills, hence the neg trust ratings.
you were newbie a while ago too  |
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he was honest and he is right... many people are playing in HYIPs even they know that there is a huge risk.
the HYIPs won't exist without clients. I don't think there are new and new clients...I think there are the same people who like play...
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they should say that they are not regulated in California |
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almost all this industry is full of scambags
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is there any legit cloud mining?
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