Quote from: jeffshed on November 02, 2013, 02:38:36 PM

the sec this the sec that

FUCK the SEC!!!

stop talking about them. they don't care that much about our coin games...yet

Yes, they do. I suspect if we were talking USD trading at the USD values these exchanges were working with, they might not, but Bitcoin is in the news a lot lately, so there's a lot of focus on it. Thus pressure on them to make sure all the rules get followed.

Quote from: havelock on November 01, 2013, 09:47:35 PM

November 1, 2013 - Havelock Investments (HavelockInvestments.com), a leading Bitcoin Denominated Investment Fund, announced today that it has executed a definitive agreement to be acquired by The Panama Fund, S.A, a fully licensed and registered Panamanian Investment Company.

The acquisitions creates the world's first, fully licensed, Bitcoin Denominated Fund Exchange, where companies from around the world will be able to raise capital directly, through the exclusive use of Bitcoins.
With this acquisition HavelockInvestments.com will be able to maintain its current Funds, as well as expand its operations, while attracting new opportunities in the rapidly expanding Bitcoin Marketplace.
The original HavelockInvestments.com team will remain in place and will play a key role in the future growth of the company.

We'll be following up with inquiries during the next week.

In general you have to follow the law where you live. If online gambling is illegal where you live, you can't run an online gambling company in another country. If dealing heroin is illegal where you live, you can't run an op that deals it in another country. Sure, your chances of getting caught are lower, but if you're successful then sooner or later someone notices.

Kudos to the team here for reducing exposure. Now they just have to follow through and move to Panama.