Quote:
Originally Posted by stocktrader23
Tell you what, prove to me that a private business in the USA can legally use fractional reserve banking and I will shut up.
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I don't need to prove it, it's law, specifically the USA set of laws called Investment Company Act of 1940. This law applies to Paypal and as such would have applied to ePassporte if it was in the United States of America, however ePassporte chose another, less regulation centric jurisdiction to operate.