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Topic: CoinBase - Not licensed - page 5. (Read 5222 times)

mayax
legendary
Activity: 1470
Merit: 1004
Re: CoinBase - Not licensed
January 28, 2015, 05:01:03 PM
#3
Quote from: suchmoon on January 28, 2015, 04:58:05 PM
Quote from your link:

Quote
The USD wallet is only available to Coinbase customers located in US states where Coinbase is either licensed to engage in money transmission, where it has determined that no such license is currently required, or where licenses are not yet being issued with respect to Coinbase's business.

So which category NY and CA fall into? Where did you get those quotes from?

The quotes are not from an obscure "news websites". Btw, the internet is full of these so call "news websites" . A lot of lies in them. I am wondering how can  they still resit and how  can they pay defamation damages. Smiley


http://www.zdnet.com/article/regulator-refutes-coinbase-exchange-regulation-claims/

http://dealbook.nytimes.com/2015/01/28/coinbase-a-bitcoin-exchange-is-operating-without-licenses-so-far/?_r=0
suchmoon
legendary
Activity: 3654
Merit: 8909
https://bpip.org
Re: CoinBase - Not licensed
January 28, 2015, 04:58:05 PM
#2
Quote from your link:

Quote
The USD wallet is only available to Coinbase customers located in US states where Coinbase is either licensed to engage in money transmission, where it has determined that no such license is currently required, or where licenses are not yet being issued with respect to Coinbase's business.

So which category NY and CA fall into? Where did you get those quotes from?
mayax
legendary
Activity: 1470
Merit: 1004
Re: CoinBase - Not licensed
January 28, 2015, 04:53:04 PM
#1
Coinbase is stating on their website " we have license" .

That means, the company is LYING and misleading customers.


https://support.coinbase.com/customer/portal/articles/1780543-what-is-the-usd-wallet-

Official announcements from:

California : California Department of Business Oversight:  "California consumers should be aware Coinbase Exchange is not regulated or licensed by the State.”

New York : NYDFS  statement : "...that said, we have not yet issued any licenses to virtual currency firms.”

 How can you trust a such company? Smiley

You are not licensed. OK ! But do not say otherwise Smiley


Now, Coinbase is very exposed and it's most likely "someone" will knock on their door. Reason? Unlicensed Money Transmitter
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