The Key Issue to Legalisation of Digital Money

EMOCorp gets closed down, EvoCash is gone, E-gold gets into hot soup with the US Government. So what is the exact issue? Why can’t any digital form of currency actually work with every legislation in each country on a universal scale?

Anti Money Laundering (AML) policy issues is the main reason why the government legislations for most countries doesn’t really encourage people to use it on the big scale; and in fact, I haven’t exactly seen any country using a particular e-currency/ digital money. You may argue that Paypal seems to be dominating on this field, since almost ALL people around the world knows about Paypal and uses it for their internet business.

Not very true, Paypal does discriminate Indonesian users because of the high level of credit card fraud rates. Even E-gold picks up problems with Iranian accounts. So there’s no exactly one form of digital money that could be used by every country and not letting the authorities worry about the activities behind the accounts.

And even if one of the company manages to come out with a champion legal form of internet money, it’s going to be heavily monitored by all the big legal criminal authorities; No privacy then!

Can someone come out with Dream Internet Money? *Ponders