|
The wallet system transforms ePass into a regular bank. This activity is regulated all around the world, and you need some official licenses given by the local regulator (FSA in UK) to run this kind of business. In Europe, the ‘’fit & proper rules’’ prevent regulators from giving a license to a company like ePass.
I think that ePass didn't have any official ‘’banking’’ license in Curacao or St Kitt or US. If you do that in France or UK, you go directly to jail (after a trial, of course). I guess it's the same thing in this old French colony called USA.
|