Always moving business faster than government ...
It is not surprising that legislators spend a lot of time to respond to progress in trade and science. It is not surprising that one of their favorite tactics is to use enforcement agencies to bring scrutiny against any topic on which they have difficulty understanding.
We see now is the application of these operations against at least two electronic money.
Saw one of them, or the INT, Texas-based FBI raided in December. Have not been arrested and has not been presented to indicate to detect the cause of their actions. Was mentioned that the care they have been used to investigate fraud in progress. We now have more than a month and nothing happened.
Around the same time, he was also the e-gold with a search warrant. Seems to be the justification would have been insignificant --- you do not need to 'Wanted' --- change License and angry enough to put the following on their website:
E-gold ® United States welcomes the government's consideration and placed the currency issued by the private sector January 20, 2006
"From mid-December 2005, and was one of the reserves of gold and silver, Inc. (G & SR), contractual Operator and the original dealer Gold-mail subject research has justified its premises and records, and was the local bank accounts frozen, and was the target of an attack, especially timing very misleading by major trade publication.
"In an emergency session of the U.S. District Court January 13, 2006, was raised freeze order on bank accounts G & SR. Much if criminal allegations in obtaining search warrants and seizure, and the government did not pursue these allegations and the claim is more than the assertion that G & SR worked as a currency exchange without obtaining the appropriate license. G & SR previously proposed for the government and the classification of e-gold for regulatory purposes as currency, which G & SR to register as a currency exchange. In a report published in Treasury January 11, 2006, however, confirmed the interpretation of the definitions and Treasury USC CFR currency and gold with the exception of e-mail.
Participation "G & SR, nearly a year with the agency and the Department of the Treasury in accordance with the examination BSA (Bank Secrecy Act) that he had voluntarily undertaken. G & SR, but preferring that the place was not a courtroom, welcomes the opportunity to expand its discussions with the government on how best to achieve the legal notice or regulatory e-gold, while continuing to gain share in e-gold market as a means of international trade.
"In spite of unfounded accusations and misleading advertising injury serious negative both e-gold and G & SR, and G & SR has continued to meet all financial obligations and continue the work completely. Or email also remains committed achieve its goal of bringing, for the first time in history, people do not have the financial means to different parts of the world, and secure payment mechanism at a fraction of the cost of any other system. d Gold messaging fully expects to transcend the unfortunate events of last month and the resumption of exponential growth.
"You can find more information at the following address:
Www.e-gold.com
www.omnipay.com
www.treas.gov/press/releases/reports/js3077_01112005_MLTA.pdf "
Proactive approach should be welcomed by e-gold. INT or should have done the same thing.
If more than one public knew how many research papers have been served both institutions, for one reason or another, and they were no doubt skeptical as I am about propaganda authorities gave their action against these corporate e-currency 2.
Examine how to move against the big banks when authorities suspected of wrongdoing. Another feature that quickly becomes apparent that the bulletins issued by the investigating authorities have always been very specific in nature, because the big banks have sufficient political and financial weight to respond to anything less than that.
Example of determining exactly is exceeded scandal Citigroup Private Bank in Tokyo in 2004. Japanese authorities said bank has not helped its customers through the manipulation of accounting records improper real estate transactions, to tackle tax refund to customers and mismanagement of customer personal information. As a result, Japan ordered Citigroup Private Banking close, but has taken steps to ensure that all affected investors affected by the minimum at which she moved their accounts.
Rarely, a total loss to depositors occur. Posted collapse of Silverado Charles Keating in the state of Colorado to prison for what should be a life sentence, and more people have lost their savings. It is interesting to note that this happened in what was to link undesirable scenario.
Raids do not receive mention when it serves the objectives of the authorities to do so. One reason for this is that the research and / or seizures do not yield sufficient results for charges should be filed. There can be no large surface Ramadi modern financial activities, and when you check into the finer details of a particular case, often, these activities can be sailed upwind legal, but did not atmosphere of reputation.
It remains to be seen what they are studying or INT. Instead of processing the large banks, it is the nature of the announcement of these raids authorities very vague, and I'm sure is by design. So, the question is one of them tried to stir. However, U.S. law says that the parties are innocent until proven guilty, so you should be duly granted this right. Until the whole story comes to light, it is not appropriate to throw defamation. After all, as is the case with most major banks in raids that go black, it is possible that the offender is not a business but a customer abused their privileges in the facilities of the
Survey e-currency is definitely a result in part of the frequency in a single government in how to organize e-currency within its borders when these currencies are not necessarily FIAT not residing within these limits.
It reminds me of the time at the beginning of the broadcast, when the authorities were at a loss on how to better cope with radio signals that obeyed the laws of physics, and therefore has the ability to cross the borders of the United States States without government permission. As ridiculous as it seems today, and I thought of a particular technology is more advanced than the benchmark fee policies and / or geographical area of great concern for them. It took almost 15 years to the end of the day for the U.S. government to create the Federal Communications Commission to deal with such acts "Advanced" and interstate transmission.
Due to the fact that private mail is created and managed currency, and since any central control system is to help the organization, it is not surprising given the current environment of American laws are now forward autocratic interest to them. Even be able to determine the acceptance policy, the best thing to do is to take a self-righteous position in favor of "consumer protection" and appeal thrown through rationalization. It is not fair, in particular, but as we have seen in related online forums, it is very effective.
No comments:
Post a Comment