Hot potato, hot potato, who’s stuck with the hot potato?
Startup New Jersey credit union cites field of membership issues in decision on virtual currency. CEO says still interested.
Court documents from May revealed the Department of Homeland Security seized nearly $3 million from a business account at the $2.4 billion Veridian Credit Union in Waterloo, Iowa, over what the DHS said was an unlicensed money transmitting business operated by the business member’s client.
Iowa-based payments innovator included in Bitcoin probe, Bloomberg says, while MIT fetes founder.
Homeland Security alleges Veridian Credit Union account holder Mt.Gox is unlicensed money transmitter.
Federal judge says so in SEC case against alleged Ponzi schemer.
Why the virtual currency matters.
Chargebacks at issue, person-to-person payments specialist accused in suit filed by TradeHill, a failed Bitcoin exchange operator.