Hopefully none of these cars at SFO are in for a citizen arrest. dreamagicjp Officials at the San Francisco International Airport (SFO) say they have been making citizen arrests of rideshare drivers throughout July. Airport spokesperson Doug Yakel told Ars on Tuesday that airport officials have made 12 such arrests since July 10. Rideshare companies like Uber, Lyft, and Sidecar use mobile apps to help city dwellers find rides in areas where cabs are scarce or expensive. But taxi service is heavily regulated in big cities nationwide, and rideshare companies have ruffled feathers by operating outside of traditional restraints placed on taxi drivers. Cities like New York and Chicago have made it difficult for rideshare companies to operate, and the California Public Utilities Commission (CPUC) slapped Uber, Lyft, and Sidecar with $20, 000 fines in November 2012 (although the commission later rescinded the fines ). In December of last year, the CPUC issued a proposal for examining the legality of the rideshare services, and the commission is expected to revisit the issue sometime this week. Read 7 remaining paragraphs | Comments
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Rideshare drivers given citizen arrest by SF International Airport officials
A Bitcoin startup based in Thailand now says that it has suspended all operations because the Bank of Thailand has effectively banned bitcoins in the southeast Asian country. As Bitcoin Co. Ltd. reports: At the conclusion of the meeting, senior members of the Foreign Exchange Administration and Policy Department advised that due to lack of existing applicable laws, capital controls, and the fact that Bitcoin straddles multiple financial facets the following Bitcoin activities are illegal in Thailand: – Buying bitcoins – Selling bitcoins – Buying any goods or services in exchange for bitcoins – Selling any goods or services for bitcoins – Sending bitcoins to anyone located outside of Thailand – Receiving bitcoins from anyone located outside of Thailand This appears to be the first time that any country has outright banned the digital crypto currency . Further, it remains unclear exactly how Thailand would even enforce such a ban. Ars has been unable to confirm the ban with the Bank of Thailand , when this ban goes into effect, and how this decision came about. Bank representatives did not immediately respond to Ars’ request for comment. Read 1 remaining paragraphs | Comments
If you don’t follow the often-shady world of Bitcoin , you may not be familiar with Bitcoin Savings and Trust (BTCST), a virtual bitcoin-based hedge fund that many suspected of being a scam. BTCST shut down in August 2012, and on Wednesday the Securities and Exchange Commission (SEC) formally charged its founder, Trendon Shavers, with running a Ponzi scheme. In a statement , the SEC said Shavers “raised at least 700, 000 Bitcoin in BTCST investments, which amounted to more than $4.5 million based on the average price of Bitcoin in 2011 and 2012 when the investments were offered and sold.” The government’s financial regulator alleges that Shavers violated a number of federal financial regulations. In court documents , the SEC wrote: Read 2 remaining paragraphs | Comments
The British government has announced that it will approve testing of driverless cars on public roads in the United Kingdom before the end of 2013. According to a new 80-page report published on Tuesday entitled “Action for Roads: A network for the 21st century, ” a team at Oxford University and Nissan have already begun work but have only been testing in private areas. The plan comes less than a year after Florida , California , and Nevada have approved similar testing. Michigan is not far behind, either. Read 3 remaining paragraphs | Comments