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I have often thought that Aaron Greenspan's attitude towards California money transmission law was a little aggressive, http://www.aarongreenspan.com/writing/20
by mherdeg 12y ago
I have often thought that Aaron Greenspan's attitude towards California money transmission law was a little aggressive, http://www.aarongreenspan.com/writing/20141022/the-common-sense-approach-to-offsetting-money-transmission-risk/ http://www.aarongreenspan.com/writing/20141022/the-common-se... , like, this guy is ranting about obscure laws and there is no way that the government would really abuse this legislation to shut down reasonable businesses.
Then, in this complaint, I read
""On March 4, 2014, FORCE asked one of his co-case agents on the Baltimore Silk Road Task Force to run a query in a law enforcement database for Venmo, saying that he wanted to collaborate 'on a suspicious money remitter, Venmo Inc. Venmo has since registered with FinCEN, but I want to know if they have state money license remitting licenses in California and New York. Can you check? If not, I want to seize their bank accounts (need to identify them) a la BRIDGES and [M.M.'s] seizure warrants for Mt. Gox.""
Wow. Nope. Aaron Greenspan is exactly right about the effects of this legislative mess.
- thinkcomp 12y agoThanks. Glad someone noticed, though aggressive overuse of 18 U.S.C. § 1960 at the federal level is hardly the biggest problem... See page 15: http://www.aarongreenspan.com/writing/20131118.hsgacstatement.pdf http://www.aarongreenspan.com/writing/20131118.hsgacstatemen... The real issues are at the state level, but as you can see, it's all intertwined.