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Topic: Bitcoin Foundation receives cease and desist order from California - page 18. (Read 48395 times)

legendary
Activity: 905
Merit: 1000
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

California is officially evil (if there was any doubt).

California’s Department of Financial Institutions is the protector of inefficient banking monopolies.
newbie
Activity: 16
Merit: 0
http://www.forbes.com/sites/jonmatonis/2013/06/23/bitcoin-foundation-receives-cease-and-desist-order-from-california/

I think the State of California does not quite understand the function of the Bitcoin Foundation.
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