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  1. #1
    Player
    Kerberon's Avatar
    Join Date
    Apr 2014
    Posts
    290
    Character
    Lughna Ravensworn
    World
    Excalibur
    Main Class
    Gladiator Lv 40
    I'm honestly surprised that they just haven't made everything btcoa and gotten rid of the market board. There was a FinCen in the US ruling that went into effect in March that stated that companies that administrate virtual currencies that are traded for real money must comply with banking regulations to prevent money laundering. Since SE from my understanding would be effected by this even though they only control half the process I'm surprised they haven't eliminated their liability by just binding everything to character on acquire.
    (0)

  2. #2
    Player
    AttacKat's Avatar
    Join Date
    Apr 2012
    Posts
    500
    Character
    Attackat Muaddib
    World
    Leviathan
    Main Class
    Marauder Lv 50
    Quote Originally Posted by Kerberon View Post
    There was a FinCen in the US ruling that went into effect in March that stated that companies that administrate virtual currencies
    FinCen regulation FIN-2013-G001 (pdf)

    Per regulation, any online game with "currency" is considered an administrator
    "An administrator is a person engaged as a business in issuing (putting into circulation) a virtual currency, and who has the authority to redeem (to withdraw from circulation) such virtual currency."
    Quote Originally Posted by loldrg View Post
    This feels like more inconveniencing of regular players in attempt to catch RMT via scorched earth tactics.
    If this was implemented back in Alpha, it wouldn't have inconvenienced me once, but it would have allow the economy to growth at a more healthy rate, and benefit majority of the players.
    (0)
    Last edited by AttacKat; 06-01-2014 at 03:25 AM.