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A comment on A Bitcoin service suspended by state of Virginia.

Re:A Bitcoin service suspended by state of Virginia by Groxx on Monday June 03, 2013 @01:27PM (#5814538)
>Effective the May 31st, 2013 Tangible Cryptography has suspended new purchases of Bitcoins through our service FastCash4Bitcoins. We take this step in response to a notice received, the same day from the Commonwealth of Virginia, that a complaint has been made that our company is operating as an unlicensed money transmitter.

Note that they're basically acting as the middle-man, not storing anything - I'm not really sure how the terms work in this situation. They seem to think it doesn't apply, maybe they're right.

It sounds like they did this voluntarily, and they go on to explain there have been no freezes, and all transactions have been completed. Probably a good choice (IANAL of course) while they mount a defense, which it sounds like they plan to do.

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Re:A Bitcoin service suspended by state of Virginia by fianchetto on Monday June 03, 2013 @01:38PM (#5814587)
> It sounds like they did this voluntarily

No, they were forced by the state.

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Re:A Bitcoin service suspended by state of Virginia by hypercall on Monday June 03, 2013 @02:32PM (#5814912)
When faced with options that include "shut down" and "go to prison", I don't know if that counts as voluntary anymore.
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