Government authorities increasingly view digital currencies, namely Bitcoin, as a means for people to evade tax.
So it should come as no surprise that Bitcoin operators and organizations have come under scrutiny.
The Bitcoin Foundation today revealed it has received a cease-and-desist letter from the California Department of Financial Institutions. The Foundation, which claims to have an international membership, was charged with engaging in the business of money transmission without a proper license.
Forbes contributor Jon Matonis reported the news and disclosed in his bio that he works for the Foundation.
Read more at https://venturebeat.com/2013/06/23/bitcoin-foundation-comes-under-fire-in-california/#CdB7Aum3PjggIJzL.99
