24 Jun 2013

Bitcoin Foundation warned by California financial regulator

Author: GinetteMaryetta594 | Filed under: About

A foundation created last year to shepherd Bitcoin’s software development has received a stern warning from a California financial regulator. The state’s Department of Financial Institutions (DFI) warned the Bitcoin Foundation in a May 30 letter that it is a violation of state and federal law to be involved in money transmission without registering with the U.S. Treasury or California’s Commissioner of Financial Institutions.

Originally posted here:
Bitcoin Foundation warned by California financial regulator

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