Second Life taking drastic measures over currency issues

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Bladyblue Bommerang
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Re: Second Life taking drastic measures over currency issues

Post by Bladyblue Bommerang » Fri May 10, 2013 7:25 pm

Ada Radius wrote:Anche's selling L$ cheaper than LL is, this morning, oooo, though not by much, 4% ish.
anche will cash-in on the chaos Linden Lab created before LL figures out a way to stop her exchange from functioning. She is in Germany or China and the Lab is in the US.
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Ada Radius
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Re: Second Life taking drastic measures over currency issues

Post by Ada Radius » Fri May 10, 2013 8:15 pm

Yup. I think I read that the corporation that runs the currency exchange is PRC Chinese, but she reportedly lives in Germany. And that she leases servers from LL to run her SL sims, so she could move all that far easier than most SL sim owners. Whatever people say about her, she ain't dumb.
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Re: Second Life taking drastic measures over currency issues

Post by Bladyblue Bommerang » Fri May 10, 2013 8:20 pm

From the Podex website: "To remain in total compliance with Linden Lab regulations and The Financial Crimes Enforcement Network (“FinCEN”) guidance our legal office started preparing application process to become officially registered money services business (MSB)."
http://www.podex.info/

Perhaps Anche has moved to do the exact same thing.
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Re: Second Life taking drastic measures over currency issues

Post by Danko Whitfield » Sat May 11, 2013 5:16 pm

Since trying to figure out what LL is up to with the new TOS outlawing 3rd party currency exchange has become the game of the week, here's a thought...

Is Second Life or Linden Lab for sale?

http://journeymetaverse.wordpress.com/2 ... -for-sale/
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Bladyblue Bommerang
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Re: Second Life taking drastic measures over currency issues

Post by Bladyblue Bommerang » Mon May 13, 2013 9:17 pm

A good website that is tracking the 3rd party currency exchange debacle https://sites.google.com/site/lindensexchange/home
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Nala Rissa
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Re: Second Life taking drastic measures over currency issues

Post by Nala Rissa » Tue Jun 18, 2013 3:01 pm

You can pay most bills here with credits instead of cashing out if my understandings are correct I think is great no worrys of cashout & fees related to them.
I really like that.
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Constance Peregrine
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Re: Second Life taking drastic measures over currency issues

Post by Constance Peregrine » Tue Jun 18, 2013 3:29 pm

Nala Rissa wrote:You can pay most bills here with credits instead of cashing out if my understandings are correct I think is great no worrys of cashout & fees related to them.
I really like that.
I like that option here also-))
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