e-gold To Require US Compliant Customer Identification?
In the everyday US financial world, especially in the post 9/11 world, there are many reasons to know exactly “who” you are doing business with on the Internet.
As freedom loving people, there are also many reasons not to allow big government a wide scope of surveillance into our daily lives.
Then there are those everyday circumstances when the person you are doing business with misuses their position or misunderstands what personal information is needed and why.
I took my dog to the vet last week for some annual shots, it was her first time at this vet’s office. I filled out the forms, paid cash and watched on while my dog received her shots, no big deal.
As I exited the office and walked past the front desk, an elderly member of their administration staff, stopped me and demanded that I complete the office paperwork.
You see…I’m a freedom lover and as such… I don’t understand the requirement to provide a Social Security number and Drivers License number so my dog can get a parvo shot. I know, this is a very private attitude and why didn’t I just comply and stop ‘burning the American flag’ ?
I had paid cash, received my ‘merchandise’ and assumed the transaction was complete. However, the ‘in charge’ office worker who thought she was in charge of me….was now demanding my personal and private information.
The private employee had made it clear that their office policy required these ‘important’ government issued identifiers and I was violating their office policy. If I did not submit and provide the information then I could not return. This woman scoffed at me like my picture appeared next to Bin Laden on the FBI’s most wanted list and through not divulging my information…well you get the idea.
I did not return to that office. In my world, cash talks and credit checks take the walk.
After the planes hit the towers, big government began to occupy a larger more personal space in all American’s lives. That is no secret and no surprise, but if you are not one of the bad guys…what are you worried about?
If your car was not blown up today by extremists on the way to Starbucks, big government is doing their job and you should be thankful. I am and I happen to agree. But as big government’s rules trickle down to the little people, they become modified or personalized and can often end up intruding on anyone’s personal liberty and freedom. The mis-management of that personal data can get someone else’s photo on your driver’s license a few dozen times. (ID theft)
It often pays to keep your personal information private, especially if the person requesting it is clueless.
In the decade plus that e-gold has been in operation, there has never been a law on the books that says, “digital gold currency is considered a ‘legal currency’ & the ISO currency code is XXX.” E-gold is new and innovative. So why has big government been intruding so on e-gold?
Well, even without up-to-date new laws, it doesn’t take a genius to recognize that some new technologies can be misused. The billion dollars a year or more of e-gold customer transactions is not a case of the local office worker complying with store policy. This is a very large operation where the misuse of the product might be construed as hurtful to others. I know, it’s a stretch to think such bad things might happen, work with me here…..For this reason, it’s pleasant to see that today, e-gold seems to be adding a US compliant customer identification requirement on certain active high dollar customer accounts.
Those smart folks behind the e-gold machine, are taking the proactive initiative to work within the US system for the security and betterment of us all. Congratulations e-gold and I hope we will all still be using your system in the decades ahead.
It’s always nice to see a private America business moving towards voluntary compliance with the spirit of the law. Please see their web for official information regarding all current and future policy changes.


Comment by andy on 21 July 2008:
Voluntary compliance?
I call BS.
The US govt. has been blackmailing e-gold. Now they are giving in.
Comment by Td on 21 July 2008:
Well it’s not really a stretch for me..
Tds last blog post..e-gold Moving Toward Voluntary Compliance?
Comment by Mark on 21 July 2008:
Well Andy thanks you for your input, but from now on, I’m going to have to ask for ID before we allow your comments!
Mark
Comment by Mark on 21 July 2008:
Td, yep it’s not too much of a stretch for anything in the US right now. Thank goodness for places like Panama.
Rep. of Panama has no central bank.
And really… ID for a dog shot, my puppy is not suspicious. Take a look at this cat who was waiting to see the Dr.
Comment by Td on 22 July 2008:
Hi Mark I’ve seen this doj news release in last few hours getting posted around the place, but with no source, just the link to a main doj page. I’ve searched for the actual doj link to the content but can’t find it Ps cats owner maybe –> http://www.reuters.com/article/oddlyEnoughNews/idUSN2142142620080721
Tds last blog post..e-gold blog – a new beginning
Comment by TrustyWebHosting, Inc. on 7 June 2009:
Yes e-gold are thieves we are a good known hosting company we have been working for years in this business an worked hard to reach where we are now in this though competition regarding hosting business, we have integrated e-gold in our payment systems due a demand of some of our customers and they used to pay for hosting services and domain registration and renewals all of sudden e-gold asked for documents to prove identity and address the owner of TrustyWebHosting, Inc. is a Lebanese man so he scanned his ID front and back which is issued by Lebanese Government and scanned the last cellular bill which proves his address and all of sudden e-gold rejected the documents so he had to upload the documents again and they were rejected for the 2d time without any reason and he had to re-upload for the 3d time and then e-gold blocked his account and won’t allow him to uplaod again and they stated that they were unable to authenticate those documents what an excuse they eat the people’s money for not being able to authenticate documents if they can’t authenticate documents why they ask fr them? when they do not fax those document to any Lebanese Embassy or consulate and ask for investigation? All this a scam they pretend to ask for documents to eat your money at the end… they can at least investigate the e-gold transaction to see that all transaction are legal or not, they can do anything to make sure if the account is involved in any illegal act or not if it is not fine they can at least ask him to stop dealing with e-gold for not being able to verify him and asks him to withdraw all his money and close his account after making sure all transactions involved are legible and legal and it is easy to know that but blocking the account and eating the outstanding balance is a criminal act and they deserve to get sued we will honor any advise on how to sue e-gold for stealing people’s money without any reason… please email trustywebhosting@gmail.com if you can assist to get back the stolen money by the thieves of e-gold… Thank you