2013-06-25 Trouble with Bitcoin as the government muscles in

[cescan]

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.

[Gabi]

Lol.

[vokain]

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