I think will continue to happen as e-gold and its owners have been indicted for Money Laundering and Illegal Money Transmitting more than once in its history.
According to the indictment, E-Gold’s digital currency, “E-Gold,” functioned as an alternative payment system and was purportedly backed by stored physical gold. Persons seeking to use the E-Gold payment system were only required to provide a valid email address to open an E-Gold account – no other contact information was verified. Once an individual opened an E-Gold account, he/she could fund the account using any number of exchangers, which converted national currency into E-Gold. Once open and funded, account holders could access their accounts through the Internet and conduct anonymous transactions with other parties anywhere in the world.
In other words, being associated with e-gold legally is a risk for that payment processor's reputation (and they can be prosecuted for facilitating financial crimes. ). No doubt the FEDs have shifted their focus from Paypal to Alertpay, and this should be the reason why there is this measure taken to secure Alertpay ...
__________________
Never share your den with a fox cleverer than yourself.
|
