Bitcoin Foundation receives cease & desist letter

[bennybong]

Today, Forbes published a cease and desist letter sent to the Bitcoin Foundation, an organization devoted to creating best practices for the decentralized currency. Regulators accused the foundation of being "engaged in the business of money transmission" without license or authorization under California's Financial Code.

http://www.scribd.com/doc/149335233/CA-State-Cease-and-Desist-May-30

Source:

California tells Bitcoin Foundation to stop trading or face a fine
http://www.theverge.com/2013/6/23/4457018/california-tells-bitcoin-foundation-to-stop-processing-money

[mjosephs]

OH THANK YOU LORD, my prayers have been answered.

These stupid fucks got exactly what they deserved for anointing themselves The Official Bitcoin Politburo.

Congratulations, fuckwads.  You proclaimed to the world that you were in charge of bitcoin and deserved all the credit for anything good that became of it.  Instead you get only the blame.

[greyhawk]

There's a 7 page thread on that already: https://bitcointalk.org/index.php?topic=241314.0

[virtualmaster]

Sorry that I am not so well informed but what is doing the Bitcoin Foundation so important ?
Or the authorities are just confused about bitcoin and didn't found a better address from where they could regulate bitcoin ?

[TippingPoint]

OH THANK YOU LORD, my prayers have been answered.

These stupid fucks got exactly what they deserved for anointing themselves The Official Bitcoin Politburo.

Congratulations, fuckwads.  You proclaimed to the world that you were in charge of bitcoin and deserved all the credit for anything good that became of it.  Instead you get only the blame.

I found this post amusing.  Thank you.