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Hello Nick,

> > I'm not even sure that issuing
> > anonymous cards is legal in Latvia.
> 
> The thing is, Paul, that as far as the banks are concerned, the
> cards are not anonymous. They have ID for one company or individual
> who just happens to have thousands of cards. It is obviously
> against the spirit of the law, but it is probably within the letter
> of the law. And the banks obviously know exactly what is going on.

So the issuer might one point find himself between the tax office and
a hard place? And it might not even be Latvian tax office, but the
one nearest to you (IRS or their "brothers-in-arms" from other OECD
countries).

> I also checked out netspend.com and they (together with ecount etc)
> offer Mastercards with no ID requirements. From the USA of all
> places.  

The world is full of wonders.

> I agree with you that Latvia wants to be more Estonian (don't tell
> the Latvians I said that!!!) and move away from offshore business 
> towards an open, onshore, low-tax trading economy. 

You are so outlawed in Latvia now ;-) But, yes that is definitely the
trend. 


Regards,

Paul Vahur
IceGold | http://www.icegold.com
An Accredited Founding Member of 
the eCurrency Trade Association Inc.


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