E-Gold closing down? - Page 2

Xahid · 05-25-2007

I dont think Egold will close down because it is huge payment system just like Paypal. However concerned authorities might ask them to tighten the security measures and decrease the risk of scams.

Dynamic-Xchange · 05-25-2007

Having read the report and various other pieces of information, the only thing the government is worried about is the fact that E-Gold does not have a very good 'know your customer' verification procedure in place to satisfy the various fraud and terrorist legislation. SO, if E-Gold make a few changes and implement some inaccordance with what the government deem acceptable then I don't see a reason why E-Gold can't remain one of the main e-currencies.

I came across an interesting document only yesterday with regards to a new E-Currency, called Federal Gold and it was their AML Policy and it makes a very good read for those who are interested in the E-Gold situation as it is something E-Gold will need to move towards having sooner or later:

https://www.federal-gold.com/General...asp?DXAction=0

syedwasi87 · 05-26-2007

egold shutting down? i doubt it..its becoming so popular..after paypal the number one money transaction place i have heard is egold!...maybe they are lacking some security measures...they will probably alter it and become more secure..

Laettner14 · 05-27-2007

E-Gold has been a haven for scammers, not to mention processing child pornography transactions and online gaming in the US. If you keep any money in there at all you are doing yourself a disservice and should use caution. Look what happened to Neteller for processing online gaming in the US...they still owe a lot of people a lot of money.

grusomhat · 05-28-2007

This rumor has been going on for years. Different story every time but always the same outcome. Always just a rumor. I wouldn't worry too much about it.

Laettner14 · 05-28-2007

Quote:

Originally Posted by grusomhat

This rumor has been going on for years. Different story every time but always the same outcome. Always just a rumor. I wouldn't worry too much about it.

Did you even read the articles? They are being indicted by the Justice Department for money laundering. I would hardly call that a rumor.

**peyton999** · 06-04-2007

E-Gold is not going to be closed down as its a rumour only and nothing else, it just cannot happen in any of the case.

mattcch2007 · 06-17-2007

I hope that it won't go down but all exchangers in my side are still stopping their services which they usually post in local forum.

Is e-gold ok now?

rts47 · 06-20-2007

I dont think they will close down their service because many merchants have started to accept e-gold on their websites.Maybe they can tighten their security.

khulja · 06-20-2007

i don't think egold is closing down...if they close down this will affect US marketplace alot and there will be chaos