Quote from: tmfp on February 18, 2015, 10:10:48 PM

It's an quaint olde English thing, an informal way to get a reference on you without paying notaries.
You used to be able to get your passport application verified by the local librarian or "professional person".
In an environment like cloud mining with scammers making full use of anonimity, it seems a bit strange to be asked for this, but I suppose it would come in handy for them as due dilligence if any money laundering was suspected.
The UK authorities are using terrorism legislation to poke their noses into all sorts of financial transactions. (Apart from the billion dollar ones that matter).
I have been thinking about cloud mining investment for a while now, but have been put off by BTC price weakness. If I did change my mind, these guys seem as good as any to me.
The quiet thread is basically no news is good news, no special offers every five minutes or broken english bullshit.
Not pushing the Brit angle as too much of a positive; new, basically valueless companies and serviced offices at a fancy address don't mean much.

Hopefully the above helps on why we do this. It might be 'quaint' but is legislation that is enacted at the EU level, so any EU company has to comply with the EU Directive, which was implemented by specific legislation in each EU member state (as EU directives are).

Here is a nice little table that shows how the EU direct was implemented in each EU country.

http://www.anti-moneylaundering.org/EU_Chart.aspx

It would of course be nice if we didn't have to do this, but there are sound solid reasons why, particularly given the levels of monetary value that some of our customer's have placed with us.

Thanks for the kind comments about your perception of us, and if you ever do intend to purchase a contract we'll be delighted to have you as a customer. The 'weakness' of BTC:USD is something we can all speculate about, but we believe in the underlying fundamentals of bitcoin and mining in particular.

Justin
CEO
www.megamine.com
Latest blog post : http://www.megamine.com/cloudhashingdoomed.php