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tl;dr 1. We are a foundation that promotes bitcoin use, we do not accept or remit or transmit money. 2. We are not incorporated in nor doing money transmittal i
by Torgo 13y ago
tl;dr
1. We are a foundation that promotes bitcoin use, we do not accept or remit or transmit money.
2. We are not incorporated in nor doing money transmittal in California are therefore are not under your jurisdiction.
3. Bitcoin does not seem to fit California's legal definition of money, unit of exchange, or store of value.
4. "Currency Exchanges" do not seem to meet California's legal criteria of "Money Transmitters", cites recent court case.
really really tl;dr: bitcoin's not money; bitcoin exchanges aren't money transmitters; even if they were, we don't do that; even if we did that, we're not subject to California's jurisdiction.
- anigbrowl 13y agowe do not accept or remit or transmit money But they do accept donations, and acknowledge as much (page 2). If you're going to tl;dr please do so accurately.
- Torgo 13y agoI didn't think I had to clarify that a nonprofit taking donations in USD would count as money transmittal since that would apply to all nonprofits accepting donations. But I take your point, my statement was all-encompassing.