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Old 10-20-2010, 04:02 AM  
Hermes
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Join Date: Oct 2010
Posts: 264
Quote:
Originally Posted by AdultKing View Post
Actually Moneybookers is a different system all together and subject to different regulations because of it falling under the regulatory regimes of the United Kingdom and it's structure forbids it to 'speculate on monies received by it on behalf of individuals or corporations' which is designated to be transferred. However the legislation covering speculative investment of Moneybookers funds only applies to money which originates and has a destination within the greater European economic zones. They can do what they like with money received outside of that.
Yes Moneybookers runs under different regulations, but it's an ewallet too, and that proves that it is possible to run epass kind of service without using fractional reserve system or gambling with customer's money. (Although ironically they are used mostly in gambling/poker sites, but that is user's own decicion, not ewallet's.)

I don't really know from where did Mallick got money for movie producing, but he's been around for long time, epassporte alone for 7 years. And still he has already several other movies in production. But I agree that the silence and stalling doesn't look good and it's time to take some action very soon.
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