How does Gox need a US license to transfer money when they are in Japan.
How does anybody need a license to transfer money period. At this point you basically can't do business without transferring money.
They need an American license when doing business with Americans in America.
So in prosecuting MtGox for not having a money changing license, is there a legal precedent being set here that Bitcoin fits the government's definition of "money" ?
It has nothing to do with Bitcoin. He was exchanging SOMETHING for USD. CampBX by all reports is properly licensed. Their Dwolla is working just fine.
As usual, MtGox is incompetent. It could have been easily avoided, and this is yet another example why people should focus on moving to a different exchange that's actually run by people with a clue.