“State regulators are warning virtual-currency exchanges and other companies that deal with bitcoin that they could be closed down if their activities run afoul of state money-transmission laws. According to people familiar with the situation, banking regulators in California, New York and Virginia in recent weeks have issued letters telling the companies that they need to follow the state rules or prove that the rules don’t apply to them. Similar actions are expected from other states in coming weeks and months, according to people familiar with the matter. States typically require companies to put up a bond that could run as high as several million dollars.”
http://online.wsj.com/article/SB10001424127887323998604578565961039879492.html
Related posts:
Supreme Court asked to suspend NSA and FBI’s blanket collection of phone data
Lawsuit claims Chicago Police strip-searched trio in public
Swiss middle class real income continues to rise
Chinese Internet users hit 564 million in 2012
Lasers reveal lost Mayan civilization of 'unimaginable scale'
Jittery Spaniards Seek Safety in Bitcoins
Revealed: Big Pharma tested dangerous new drugs on unknowing East Germans
Arson charges brought after accidental hash oil homebrew explosions
Texas Police Chief Approves of Officer Dragging Elderly Woman Out of Car on Camera
Study proves pesticide exposure linked to bumblebee colony failures
Scotland Yard investigates Diana slay plot as book details conspiracy
No DEA agents fired for Colombia prostitute parties: internal report
The Surveillance Speech: A Low Point in Barack Obama's Presidency
The jihadist behind the takeover of Mosul - and how America let him go
Japan stocks and consumer spending storm back on weak yen