>From recent postings and various emails it seems many people persist in 
misunderstanding the purpose and accountabilities of the eCurrency 
Trade Association. Inc.

The assumption appears to be that because various gold and digital 
currencies are shown on the web site this automatically means that the 
eCTA is accountable for those gold and digital currencies.

This is NOT the case as is evident by the Charter and Mission Purpose 
of the eCTA.  The eCTA is an association of Exchange Providers, Cambios 
and Market Makers.  Not an association of Digital or Gold Issuers.  

The format and arrangement of the web site listing by gold and digital 
currencies rather than by members is designed purely for the 
convienience of customers who are seeking the services of an exchange 
provider to service their needs.  Members could equally be listed by 
Members, then showing the currencies they deal in but that would not be 
so convienient for customers or clients who are looking for a member 
who deals in the particular currency the customer is using.  

The eCTA is NOT accountable for Issuers and is a representative body 
for its members only.

This does not mean the eCTA cannot undertake any  research or 
investigative procedure with regard to any facet of the gold industry.  
An example is with the osgold scenario, where some of the Board Members 
are participating jointly in an investigative procedure with other 
parties into the OSGold issue.  

One of the purposes of the eCTA is.  "Promote the interests of the 
member of the group"
 Reference:  http://www.exchangeprovider.net

The above purpose demonstrates the eCTA is bound to carry out any 
supportive action it can where the interests of any of it's members is 
under threat.

It  requires no major effort to dwell on the negative aspects of OSGold 
and adopt an accusative critical approach. .  There is no requirement 
to exacibate the situation with inflamatory  'I'm right., your wrong' 
style remarks based on mis or not understood information. This does not 
contribute to any resolution of the problem.   A more professional 
attitude would be to either assist in the resolution  in some way or 
keep one's own counsel on the matter. 

We will achieve more by pulling together in a professional manner to 
demonstrate to the rest of the financial community how we handle and 
cope with such issues.

Michael Moore
Vice President
eCurrency Trade Association Inc
'Setting the Standard for the Gold Community'



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