Comments on: World’s First Virtual Currency Banking Licenses Issued At Entropia Universe

By: me

me — Sun, 22 Jul 2007 20:13:52 +0000

Currency banking licenses sold and more to come. Real Cash Economy worlds are developing at a fast pace.

http://www.rceworlds.com

By: Look Out Virtual Worlds….Here Comes The US Congress

Look Out Virtual Worlds….Here Comes The US Congress — Tue, 26 Jun 2007 19:40:16 +0000

[...] been keeping an eye on Sparter’s new Gamer2Gamer market for virtual currency, along with the 5 new virtual banking licenses just sold at Entropia Universe and even the rumored ‘closer look’ by the Feds at [...]

By: Mark

Mark — Wed, 09 May 2007 11:46:56 +0000

Jake, thanks but I also just heard from Marco at MindArk and I have made the correction:

“”Great articles about Entropia Universe and the banking licenses! I just wish to comment on a couple of things. :-) Also, the Entropia turnover was $360,000,000 last year. In USD. Or 3.6 billion PED. Not a measly 360,000 USD. ,-)“”

Also, they have an AML policy in place:

“”MindArk has very detailed logs and reporting systems in place to counter any attempt of Money Laundering using Entropia’s Real Cash Economy system. Suspicious transactions are red flagged immediately.“”

I appreciate the correction and the additional AML information.

Mark “the sloppy journalist”

PS I also just want to point out, that here is a virtual currency with an AML policy and program in place, e-gold doing over 2 billion dollars a year in transactions has none.

By: Jake Rogue

Jake Rogue — Wed, 09 May 2007 08:43:17 +0000

Some rather sloppy journalism here. The 2006 cash flow within Entropia Universe was $360 MILLION USD, not $360 thousand USD as reported here.
MindArk’s full financial reports can be found on their website at http://www.mindark.com/.