Hacker News Reader

Yet the Bitcoin foundation is neither a operator of a virtual currency service or an exchanger according to FinCEN rules.

Tradehill and Coinbase are based out of California and are following all federal and state rules.

View on HN

Interesting that you say that. Coinbase is verifiably registered with FinCEN, but not the states, as far as I can see. (Square, mentioned in the article, actually is registered in California.)

http://www.fincen.gov/financial_institutions/msb/msbstatesel...

http://www.dfi.ca.gov/directory/money_transmitters.html

I thought Coinbase was based out of SF and even backed by YC?

Not sure though, seeing on the privacy page an Oregon address.

https://coinbase.com/about

If you google that address, it is an old address for earth class mail, a commercial mail scanning/forwarding service. (I use them too; they rock if you move a lot, or live overseas.)

Reply on news.ycombinator.com