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Submission + - California sends Bitcoin a Cease and Desist Letter (arstechnica.com)

puddingebola writes: From the article, "California's Department of Financial Institutions has issued a cease and desist letter to the Bitcoin Foundation for "allegedly engaging in the business of money transmission without a license or proper authorization," according to Forbes. The news comes after Bitcoin held its "Future of Payments" conference in San Jose last month."
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California sends Bitcoin a Cease and Desist Letter

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