Google Forgot to Obtain License to Operate in China?

WebmasterWorld featured a brand new thread named Google has no license for China service says newspaper which links to a Reuters article that says;

The Beijing News reported on Tuesday that Google.cn, the company's recently launched service that accommodates the China's censorship demands, "has not obtained the ICP (Internet content provider) license needed to operate Internet content services in China".

So does Google have to leave? Do they have to pay fines? What happens now?

Forum discussion at WebmasterWorld.