Risk in digital currency - political risk, Other Subject

Political risk

Subsequent April 27, 2007, the United States (US)Department of impartiality forced e-gold to execute some 10 to 20 million dollars value of e-gold (a small part of which was all the possessions of 1mdc which were held in e-gold), and is attempt to carry a case alongside e- gold. E-gold has dedicated to counter what its originator has affirmed to be groundless claim. 1mdc is now obsolete, however Pecunix, Gold Money, e-Bullion and other DGCs come out to have been unaltered, and possibly have gained market distribute as a result. (However, e-Bullion's principals are also the principals and operators of "The Bullion Exchange" which was one of the replace providers whose accounts were solid by the government's lawsuit.)

The condemnation and gold seizure by the honesty Department led to a run on e-gold, as a lot of account holders liquidated, the major being the court-ordered liquidation of Omnipay's entire gold stability. The fact that e-gold was capable to convince the court order to execute the gold and fill all the liquidation instructions of account holders is very strong proof that their supremacy system works.

It be supposed to be noted that any standard bank faced with a court order to pay out half the assessment of its reserves would be not capable to do so because banks grasp less than 2% of their put down in reserve and lend the remainder out as long-term loans (fractional-reserve banking). E-gold's self-certified supremacy has thus far establish to be a doing well method of protecting account owner from management risk. As of spring 2008, e-gold is still in business and accountability numerous million dollars significance of gold transactions per day.

Posted Date: 10/13/2012 3:16:44 AM | Location : United States







Related Discussions:- Risk in digital currency - political risk, Assignment Help, Ask Question on Risk in digital currency - political risk, Get Answer, Expert's Help, Risk in digital currency - political risk Discussions

Write discussion on Risk in digital currency - political risk
Your posts are moderated
Related Questions
Write a 3-5 page research paper exploring 3-5 topics regarding global efforts in the information systems industry. The paper needs to clearly identify the global topics, how it''s

"The landmark abortion decision of Roe v. wade was?"

Problem 1: (a) Identify and explain the public policies that currently exist for the older generation. (b) What should be put in place to strengthen the care and welfare of

A 28 year old woman was visited by her GP.  She had been complaining of general malaise for some days, and now appeared flushed and was sweating.  She had developed several bruises

Font Arial, size 10, Should be about 1 page single spaced. During the 2011 world championship XPD adventure race of 8 non-stop days duration, which includes running, cycling, kay

1) Describe Symbolic Interaction Theory. Explain and discuss how it views a) religion, b) politics/economics, and c) medicine. 2) Describe Structural Functionalist Theory. Expla

Problem: 1. What is the importance of knowledge of time zones in terms of geography in Tourism? 2. Describe the physical and tourism characteristics of America. 3. Briefly exp

What reaction is used to reduce the lactose content of milk?

Overtaking Maneuvers on Single Carriageway The study circle around the overtaking maneuvers on single carriageway road section. The condition of the road sections must fulfill

Question 1 What are the common traditional channels of communication? Describe the problems that can arise in such forms of communication Question 2 Explain the Unilinear Mod