Liberty Reserve Is Strong and Gaining Popularity

Last week there was a bad rumor briefly circulating about the digital currency Liberty Reserve. Like most rumors this one turned out NOT to be true. However, this type of information seems to linger around for weeks and months on forums. I think its very important to correct the false items and expose these type of rumors as incorrect.

Liberty Reserve digital currency is very strong, wisely built around the Costa Rican jurisdiction plus the web site security measures are top notch.  Here is what their own blog had to say about the rumor.

10-19-07 We have received a few e-mails regarding a rumor that our offices were raided by the authorities. This is a falsehood and is likely an attempt to discredit us by our competitors. We advise everyone to check our website and this blog for the only complete, accurate and up to date information.

Unfortunately, this is likely not the last time you will hear all sorts of “news releases” on blogs, forums, or e-mails.

There are no M.L.A.T* treaties signed, or otherwise established between Costa Rica and the United States. HOWEVER, there are M.L.A.T* and cooperation agreements established and in force with the governments of the United Kingdom, Panama and many other countries. Unlike Liberty Reserve, which is registered in Costa Rica, any company that claims to be registered in Panama, United Kingdom or in any of the countries on the M.L.A.T* list is in fact in danger of being raided by US authorities and are just as vulnerable to unfair seizures as e-gold.

As you can clearly see, we stand behind our product, our service and our dedication to this business. We are proud of the outcome and the feedback that we receive from our customers.

Thanks Michelle for that update.