Regulatory action against digital currency systems started quietly in Australia in 2004. In 2005, e-gold was raided but no charges were filed. In 2007, GoldAge, one of the original exchange agents, was closed and prosecuted. Also in 2007, the e-gold operators were indicted on multiple felony charges and the assets of about a dozen exchange agents in America were seized. Similar actions to separate digital currency businesses from US banking faculties can be seen today in the operation of US Bitcoin businesses.
KeywordsBank Account Exchange Agent Financial Privacy Grand Jury Regulatory History
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