“The Bitcoin banking casualty list is a long one: popular Bitcoin – USD exchanges Bitfloor and BitInstant, in New York; Tradehill, in California; and Bitbox, in Michigan, have been out of commission for months. All had registered as money exchangers with the Department of Treasury’s FinCen. Mobile Bitcoin payment company Coinapult moved from Colorado to Panama to avoid the ‘murky, unpredictable, and onerous’ regulatory environment in the U.S.. Capital One even shut down the merchant account for Mulligan Mint, a commemorative coin maker, when it started making physical Bitcoin silver coins; the business was not in fact dealing with Bitcoins, just making fake models of them.”
Related posts:
White House says Egypt’s new regime is on the ‘wrong path’
NJ Causes Bridge Jam With Unannounced Lane Closures For 'Study'
IRS Backs Down: Michigan Forfeiture Cases Voluntarily Dismissed
Washington man arrested for online threat against Obama
Senate committee chair: U.S. will likely have more active military role in Mali
5 Obamacare Scams and How to Avoid Them
TARP: The bailout success story that wasn’t
Prison Labor Booms As Unemployment Remains High; Companies Reap Benefits
Bay Area recreational marijuana options expand with online delivery
Out of the box: UPS Stores to offer 3D printing
Ex-Comptroller General Walker: 'Fiscal Cliff,' Here We Come
U.S. bans Americans from traveling to North Korea
NSA Spying to Cost US IT Companies $47 Billion Over Three Years
New York auction houses celebrate after billion-dollar sales week
France Proposes an Internet Tax