Email a copy of 'Currency venues fight for survival' to a friend
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2013-05-10
9 Comments
One minor niggle, there aren’t any “new US government regulations” involved here. The regulations have always been there, what’s new is that the government has finally provided a bit of guidance about what it thinks they mean when applied to virtual currencies.
You’re right — that should say “new regulatory guidance” instead.
i see in my vieuwer 42102 users online now and i have see more total of the 55.354 users good busy secondlife…
this give a inpact to the residents…
i am actually boycotting second life because of this in support for 3rd party exchanges. After the news hit i converted all of my L$ into USD and am still waiting for that money to go into my paypal account. So untill LL allows 3rd party exchanges again I’m going to other grids and play minecraft.
amen have fun in minicraft she its more bored this game hihihihi
Hi Chris, pls let us know LL want earn money for the convert fom L$ to USD.
i left SL mai 2010 after they change the export tos, i let SL transfer all my money back to my paypal account and at last from 30 USD in SL i got only 10 USD back, the rest tooks LL for the transfer.
I’m still waiting and wondering if another shoe is going to drop. LL could certainly give some reassurance and stop conjecture and rumor by explaining why they are doing this. But that makes too much sense for LL to consider. The top three guesses I’m seeing in the places that are talking about this are: it’s related to the US Treasury Dept’s guidance from a few weeks ago; LL wants to eliminate all the competition so they can make all the transaction fees; the L$ is going to become a token and cashing out will not be allowed. Your article is the first time I’ve seen this: “Like others, Kotovtchikhine is wondering whether Linden Lab is deliberately taking steps to shut down Second Life altogether.” Yikes!!
I am glad to have Paypal. It works. I can pay money to Paypal, no problem. but my card-issuer declines payment to Linden Labs.
There’s a lot of rumour and speculation going around. It’s hard for me to tell, because my payments are so infrequent, just when the problems started. Some time since December 2011 is my best guess. There are still traces of some big change made for payments from non-US customers at that time, some supposedly easier system that handles non-US currency, but I can’t find any definite info about what they did.
I do wonder if I can only get payment through because my Paypal account is relatively ancient. Like my email address, it is older than Second Life.
I reckon there is a whole cobblers’ warehouse teetering precariously over our heads
Does this decision by Linden Labs have anything to do with the registrations of Money Services Businesses?
Comments are closed.
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One minor niggle, there aren’t any “new US government regulations” involved here. The regulations have always been there, what’s new is that the government has finally provided a bit of guidance about what it thinks they mean when applied to virtual currencies.
You’re right — that should say “new regulatory guidance” instead.
i see in my vieuwer 42102 users online now and i have see more total of the 55.354 users good busy secondlife…
this give a inpact to the residents…
i am actually boycotting second life because of this in support for 3rd party exchanges. After the news hit i converted all of my L$ into USD and am still waiting for that money to go into my paypal account. So untill LL allows 3rd party exchanges again I’m going to other grids and play minecraft.
amen have fun in minicraft she its more bored this game hihihihi
Hi Chris, pls let us know LL want earn money for the convert fom L$ to USD.
i left SL mai 2010 after they change the export tos, i let SL transfer all my money back to my paypal account and at last from 30 USD in SL i got only 10 USD back, the rest tooks LL for the transfer.
I’m still waiting and wondering if another shoe is going to drop. LL could certainly give some reassurance and stop conjecture and rumor by explaining why they are doing this. But that makes too much sense for LL to consider. The top three guesses I’m seeing in the places that are talking about this are: it’s related to the US Treasury Dept’s guidance from a few weeks ago; LL wants to eliminate all the competition so they can make all the transaction fees; the L$ is going to become a token and cashing out will not be allowed. Your article is the first time I’ve seen this: “Like others, Kotovtchikhine is wondering whether Linden Lab is deliberately taking steps to shut down Second Life altogether.” Yikes!!
I am glad to have Paypal. It works. I can pay money to Paypal, no problem. but my card-issuer declines payment to Linden Labs.
There’s a lot of rumour and speculation going around. It’s hard for me to tell, because my payments are so infrequent, just when the problems started. Some time since December 2011 is my best guess. There are still traces of some big change made for payments from non-US customers at that time, some supposedly easier system that handles non-US currency, but I can’t find any definite info about what they did.
I do wonder if I can only get payment through because my Paypal account is relatively ancient. Like my email address, it is older than Second Life.
I reckon there is a whole cobblers’ warehouse teetering precariously over our heads
Does this decision by Linden Labs have anything to do with the registrations of Money Services Businesses?