1.The Cease & Desist
"f found guilty, the conference organiser for Bitcoin, the decentralised digital currency, could face fines of $1,000 - $2,500 (£650 - £1,600) per violation, or per day if violations are less frequent, plus criminal prosecution which could result in five years in prison and a fine of up to $250,000."
How do you prove they are a money transmitter?
Hope they don't keep Avalons in their office.
2.The news comes just days after Gox, suspended users from withdrawing their Bitcoins as US dollars for two weeks.
I see a coordinated attack. Though, they seem to have the wrong target in the case of the foundaton.
"f found guilty, the conference organiser for Bitcoin, the decentralised digital currency, could face fines of $1,000 - $2,500 (£650 - £1,600) per violation, or per day if violations are less frequent, plus criminal prosecution which could result in five years in prison and a fine of up to $250,000."
How do you prove they are a money transmitter?
Hope they don't keep Avalons in their office.
2.The news comes just days after Gox, suspended users from withdrawing their Bitcoins as US dollars for two weeks.
I see a coordinated attack. Though, they seem to have the wrong target in the case of the foundaton.
Note that that is from May 30th so it isn't a coordinated attack, but I wonder why the foundation might not have mentioned it sooner?
When I get a baseless horseshit letter like that (and I've had a few over the years) I generally ignore it.