Post
Topic
Board Press
Re: 2013-06-23 Forbes - Bitcoin Foundation Receives Cease And Desist Order From Ca
by
ktttn
on 24/06/2013, 01:24:43 UTC
http://www.forbes.com/sites/jonmatonis/2013/06/23/bitcoin-foundation-receives-cease-and-desist-order-from-california/

Quote
Directly following last month’s Bitcoin 2013 conference event in San Jose, CA that brought good revenue into the state, California’s Department of Financial Institutions decided to issue a cease and desist warning to conference organizer Bitcoin Foundation for allegedly engaging in the business of money transmission without a license or proper authorization.

... Then, they fight us ...

They don't fight "us". They fight a despicable scam, in this case.

So if the foundation does file, pays the US$5K, and gets this license.  Do we all become "agents" or "affiliates" acting under this license?
http://www.leginfo.ca.gov/cgi-bin/displaycode?section=fin&group=01001-02000&file=2000-2003


Very interesting take on the situation.
I wonder how many members are not registered.
Only 14 companies appear to be listed on https://bitcoinfoundation.org/members.
I'm guessing theyre getting a crazy influx of donations atm.