Quote:
Originally Posted by BIGTYMER
I don't know what you heard or think but the US has their hands in just about everything. We're so fucking policed its not even funny. Maybe some stuff in other countries is higher quality but overall I doubt any country has more regs then we do.
http://www.regulations.gov |
Unfortunately ePassporte being a foreign company escapes alot of regulation of financial services companies in the USA. Even then my limited reading of the Money Services Business regulations over the past few days leads me to believe that even if ePassporte was required to be registered, there is little enforcement power available to regulators.
I really do want a Paxum rep to state definitively how much of account holders funds will be actually held in accounts by Paxum and what measures are in place to protect account holders funds if Paxum loses relationships with card companies. How is Paxum in a different position to ePassporte when it comes to account holders funds ?