There was an
article published yesterday about the founders of Liberty Reserve being arrested for money laundering. As a non-lawyer I'll let you read the pertinent parts and then decide for yourself if Tangible is required to be licensed as a money transmitter, which clearly they are not per the operators post above.
From the article:
According to records from the U.S. Justice Department, on July 27, 2006, Budovsky and a partner identified as Vladimir Kats were indicted by the state of New York on charges of operating an illegal financial business, GoldAge Inc., from their Brooklyn apartments.
They had transmitted at least $30 million to digital currency accounts worldwide since beginning operations in 2002.
The digital currency exchange, GoldAge, received and transmitted $4 million between Jan. 1, 2006, and June 30, 2006, as part of the money laundering scheme.
Customers opened online GoldAge accounts with limited documentation of identity, then GoldAge purchased digital gold currency through those accounts; the defendants' fees sometimes exceeded $100,000.
Customers could choose their method of payment to GoldAge: wire remittances, cash deposits, postal money orders or checks.
Finally, the customers could withdraw the money by requesting wire transfers to accounts anywhere in the world or by having checks sent to any identified individual.
Budovsky and Kats were sentenced to five years in prison for engaging in the business of transmitting money without a license, a felony violation of state banking law, but got probation.
Now I'm not a lawyer and I don't give anyone legal advice but it sure looks to me like the guys who got arrested do exactly the same thing as the OP.
1) LR "transmitted at least $30 million to digital currency accounts", fastcoins transmitted $500k just last week alone
per this thread.
2) LR "digital currency exchange, GoldAge, received and transmitted $4 million", fast coins
buys here and
sells here3) LR "Customers opened online GoldAge accounts with limited documentation of identity", fast coins offers accounts with limited identity.
4) LR "Customers could choose their method of payment", fast coins does the same
5) LR " withdraw the money by requesting wire transfers", fast coins offers the same
When I reported this information to the OP in PM he responded with this:
Re: (No subject)
« Sent to: Viceroy on: Today at 03:57:53 PM »
Your help is neither wanted nor needed. Please stop. It gets annoying to have our company PM inbox blasted with your nonsense. I tried explaining, I tried ignoring. Now I am being direct. I am directly asking you to never PM this account again. If you do I will ask the mods to consider it spam.
Thank You,
Staff
Tangible Cryptography
Well, D&T, I guess we'll be finding out if you are actually Satoshi soon enough... when your name comes out in the paper.