Today's Hard|Forum Post
Today's Hard|Forum Post

Sunday June 23, 2013

Bitcoin Receives Cease and Desist Order in California

The Bitcoin Foundation has received a cease and desist order from the state of California for operating a money transmission business without a license. Bitcoin has run into this in several other states, but since the laws are still undefined for the Bitcoin business model, it’s going to take a court decision to settle the charge.

One activity that the foundation does not engage in is the owning, controlling, or conducting of money transmission business.