Mark Herpel wrote a very interesting article about e-gold’s present legal situation. I don’t know about you folks but I fully support e-gold and I believe that it does not need a money transmitter license simply because it does not transmit what can be classified as legal tender. Gold is not treated as money in the United States and as such how can e-gold be required to have a license to transmit something that is not technically money. Anyways, I don’t want to steal the limelight or get all academic here.
Read this interesting article by clicking over here (opens in new window)