(Digital Money World) I thought the headers are wacky ;) But we’re mentioned in the latest US Department of Justice on a Money Laundering Report for Digital Currencies. *Pondering… Key Judgment Digital currencies combine the intrinsic value of gold and other precious metals as well as the designated value of national currencies with the  worldwide reach of the Internet to create an ideal mechanism for international money laundering. Users can anonymously fund digital cur-rency accounts, send those funds (sometimes in unlimited amounts) to other digital currency accounts worldwide, and effectively exchange the funds for foreign currencies—often while bypassing U.S. regulatory oversight. Feel free to download a copy of the pdf here. Was... [Read more]

(Digital Money World) There was a fake PR release report of e-Gold on it being bankrupt a few days ago at PRweb. It was gone when I was given the url by Mark to peek. Never ever trust releases unless they’re from the official source (say the blog or the official e-Gold site itself), though I kinda get the hunch that most of e-Gold users are really worried about its future when we think of the indictment that they’re facing. Well, since there’re no bad news and with e-Gold switching primary dealer, we can definitely be sure that there’s something going on behind the scene and hopefully for the better. Hope e-Gold’s blog isn’t just a place for them to update on the system maintenance though. Dr. Jackson became... [Read more]

(Digital Money World) I remembered when the Monetary Authority of Singapore has given a time-line to the local banks (and even global banks that operates within the MAS frame like Standard Chartered, Citibank) to implement 2FA security feature, not many people know what 2FA really was, and how useful it is as a second level of deterrent to hacking or even identity thefts such as social engineering. 2FA Devices. Singaporeans should find them really familiar – Taken with my HTC Diamond [Read more] [Read more]

(Digital Money World) If you’re always a fan of how Digital Money really works, DGC Magazine is something which you shouldn’t miss monthly. Mark Herpel, our previous DMW resident is doing a great job with the flash version of his magazine. In this July issue,  learn more about E-gold’s new primary dealer, find out how Loom is doing after all the controversies it had for the past few months, How Webmoney and Washington Post are on war mode. Remember the Fintrac message on Digital Gold merchants? Decipher it properly with DGCMagazine. It’s out on all major newstands and coming to a click near you. [Read more]

(Digital Money World) I’ve always thought how nice it would be to just click on a house at eBay and buying it straight without going through the hassle of all the tough procedures to procure a piece of real estate; Whilst I haven’t heard of any Realtors doing it nor know that this is possible (Since all countries have different policies when it comes to foreign buyers or even local buyers of the country), maybe a fact is that someone can come up with such a platform to expediate the process of viewing a house and procuring a house with step by step details and make the initial payments with Digital Money/ Digital Gold Currencies. Maybe the process of viewing the house in virtual world could be improved so a home buyer can have a... [Read more]