Later in the year, the California Legislaturepasseda bill to reform
the California Money Transmission Act.
a bill to reform
the California Money Transmission Act.
Not exact matches
- + * On February 27, Matt Dababneh of the
California state legislature introduced a bill to expand the state's
money transmission laws to include digital currency businesses.
In June 2013, Bitcoin Foundation board member Jon Matonis wrote in Forbes that he received a warning letter from the
California Department of Financial Institutions accusing the foundation of unlicensed
money transmission.
«The
California Department of Business Oversight has not decided whether to regulate virtual currency transactions, or the businesses that arrange such transactions, under the state's
Money Transmission Act.
Coinbase Exchange is not licensed to operate in
California under existing
money transmission laws, the
California Department of Business Oversight (DBO) has reportedly stated.
In the middle of last year
California madeheadlineswhen it's Department of Financial Institutions sent a bizarre cease and desist order addressed to the BitCoin [sic] Foundation for conducting
money transmission in the state.