“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. If found to be in violation of California Financial Code, penalties can be severe ranging from $1,000 to $2,500 per violation per day plus criminal prosecution which could result in fines and/or imprisonment.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
How to Finance a Second Passport, and More…
Marc Emery Released from Solitary Confinement
FNN AU: Marc Faber 'Optimistic Prediction 4 Central Bankers Fate'
NYC Taxi Medallions Sell for $1.1 Million
The War on Air Conditioning Heats Up
National Microphone Spy System Capable of Recording Conversations
ICE is about to start tracking license plates across the US
Ouya now accepts Bitcoin payments
Majority Says the Federal Government Threatens Their Personal Rights
What Do the Latest NSA Leaks Mean for Bitcoin?
Pepe Escobar: The Syria-Iran red line show
Ohio Court Upholds Police Entry Into Home Over Failure To Signal Turn
Cities Crackdown on Private Transport
Real Personal Income Points to Recession
Expect a police raid if ‘remote detonator’ is your Wi-Fi network name