Post
Topic
Board Project Development
Re: UK exchange: Britcoin
by
janice
on 09/06/2011, 15:40:02 UTC
Thanks genjix - these updates are very much appreciated.

Just a quick question - would you have any objection to users making cash deposits at bank branches? I could understand you objecting to this (although there is nothing to stop people trying anyway) just in case the reference number was not captured/entered correctly by the teller at the time of deposit.

If BritCoin opt to operate out of the UK, they will be bound by the UK Money Laundering Regulations: http://www.legislation.gov.uk/uksi/2007/2157/regulation/20/made

That typically makes it impractical to accept funds by "anonymous" donations, else you risk an early morning wake up: http://www.guardian.co.uk/world/2011/jan/05/police-smash-london-drug-gangster-syndicate

"the nearby Euro Foreign Exchange, through which up to £1m a day in drug money would be laundered"