Originally Posted by KHyuga

First of all, companies like egold and ikobo have been around for quite some time, so I don't consider them to be "new".
Also, allowing the exchange of online currencies would just open a can of worms for paypal. Not only would they need to deal with more fraud complaints, they are also effectively handing business to the competitors.
Moreover, they already have one of the better identity verification systems around. Others like egold don't even offer them.
The bottomline is, paypal does know what it's doing.