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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > 2013-06-25 Trouble with Bitcoin as the government muscles in
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cescan (OP)
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June 26, 2013, 12:15:09 PM
 #1
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.
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June 26, 2013, 05:12:44 PM
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Lol.

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June 26, 2013, 06:12:14 PM
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Quote from: cescan on June 26, 2013, 12:15:09 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 Smiley
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