Yes, MoneyBookers has sent the same message to all the other exchangers who were using the MoneyBookers service for e-gold exchanges.
One cannot really blame them too much. There have been a large number of difficulties with e-gold in particular. E-gold accounts have been used for Ponzi schemes, for auction fraud, and for password theft schemes, among others. No doubt part of the reason e-gold gets a lot of this criminal activity is because it was first to market with a successful e-currency. I think the e-gold policy of balance limiting accounts is not very effective, and compares poorly to the methodologies at work with Pecunix, GoldMoney, and e-Bullion.
MoneyBookers may be trying to curb the competition, but I think they are more likely trying to comply with government requirements. I don't think this strategy works very well, but it is one that is prevalent in our industry. E-gold.com complies with government court orders and has located its servers and offices in the USA. GoldMoney requires ID papers in an attempt to comply with "know your customer" laws which remind me of the Biblical usage of the verb "to know."
So, when MoneyBookers say that exchanges involve a high risk of "money laundering" they are probably quite serious. Governments have been pursuing this so-called "crime" for some time now, on the theory that money is tainted if it is obtained from selling contraband or doing something else which is legislated against. I think the war on money laundering is a peculiarly vicious aspect of the war on freedom.
Is there something to be done about it? Well, sure. Lots of things can be done about it. You can certainly write to MoneyBookers and ask them to change their policy. Write to government agencies and ask them to stop being vicious thugs if you like, though I don't think that'll work out. A number of people in various countries have developed alternatives to the mainstream banking system, so you can turn to the competitors for MoneyBookers and see if you like them better. You might like EvoCash, for example.
Also in many countries there are active efforts afoot to change the political system. Some of these are based on really pathetic strategies like getting people to vote for a different set of crooked politicians, which are pathetic strategies because the evidence of vote fraud is so overwhelming I'm surprised that anyone believes the votes are being counted. Some of these are based on more violent strategies, and while I sympathize a great deal with the frustration and anger generated by government agencies, it seems clear that many times the violence targets civilians who are already being victimized by the government. I think most people who have turned to violence have given up solving their problems in other ways. Perhaps such people are more realistic than me.
There is a great deal of opportunity to arbitrage the many jurisdictions in the world. It is possible to achieve the kind of results that MoneyBookers was giving by other means. It won't be easy and it won't be cheap.
The question is, is there any sense in trying to persuade moneybookers
It makes sense to try. Write them a nice note. Your message here shows you have good quality writing skills. You marshall your arguments well. Go tell MoneyBookers why it is in their financial best interests to work with you.
can it be that they will reverse their policy in the future.
I think there is more chance that the governments will change their policies about money laundering first. And, frankly, I think we'll see the devil on ice skates long before most governments make such a policy change willingly.
Thank you for your answers and hoping to become a valuable part of the digital currency family.
Julie, it is great to hear from you. I think you are already a valuable part of the digital currency family.
Regards,
Jim http://www.ezez.com/ http://www.gdcaonline.org/
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