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Author |
Thread Statistics | Show CCP posts - 1 post(s) |
Kallahar
THORN Syndicate BricK sQuAD.
2
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Posted - 2011.09.19 17:00:00 -
[1] - Quote
Not kidding. From what I understand, this new FinCEN (US Dept of Treasury) ruling reclassifies any virtual currency as subject to the Bank Secrecy Act. This ruling takes effect in 8 days (sept 27th).
Basically that means that in order for CCP to sell isk (plex, aurom, whatever) they have to collect "Identifying information includes the customerGÇÖs name, date of birth, address and identification number. Sellers must retain this information for five years from the date of sale. The records must be easily accessible and retrievable upon request from FinCEN, law enforcement or judicial order."
More info from the bitcoins forum: http://www.bitcoinmoney.com/post/8412471372/fincen-prepaid-access-final-rule
I also talked to a developer at GameCoins and they're also trying to figure out how to deal with the change. Facebook Credits, Farmville, Mobsters, etc all also fall under the ruling.
Hopefully I'm just understanding it all wrong, but it sure would be ridiculous if CCP had to choose between no longer selling PLEX to US customers or having to collect all of our social security numbers...
FinCEN ruling statement: - http://www.fincen.gov/news_room/nr/html/20110715.html
Final ruling: - http://www.fincen.gov/statutes_regs/frn/pdf/MSB_Final_Rule_Definition_and_OtherRegulations.pdf
Kallahar
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Tethys Atreides
The Audacity of Huge
33
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Posted - 2011.09.19 17:03:00 -
[2] - Quote
PLEX is not a virtual currency. It is a currency in a virtual reality game. There is a very pronounced difference. |
Simetraz
State War Academy Caldari State
44
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Posted - 2011.09.19 17:04:00 -
[3] - Quote
Server not in the U.S.A.
Capitals (Balancing and Roles) |
Kitty McKitty
In Praise Of Shadows
87
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Posted - 2011.09.19 17:04:00 -
[4] - Quote
Tethys Atreides wrote:PLEX is not a virtual currency. It is a currency in a virtual reality game. There is a very pronounced difference.
"Why can't I be different and original, like everybody else?" |
Cyniac
Twilight Star Rangers Black Thorne Alliance
6
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Posted - 2011.09.19 17:07:00 -
[5] - Quote
That's a minor issue compared to what would happen if the US really decided to go through and impose trade sanctions against Iceland because of the whaling conflict... while unlikely here is how a worst case scenario would play out:
POTUS decides that enough is enough and enacts economic sanctions against Iceland for breach of the IWC moratorium (I know a bit more complex but trying to do a brief version of this)
Icelandic economic interests with links to the US are identified - CCP as an icelandic company gets flagged up.
US starts to enforce trade sanctions - while you would still be able to play EVE from the US you'd not be able to pay CCP for anything which would hurt some more than others.
Pain and suffering would follow.
Compared to that collecting social security numbers is a minor annoyance. |
Knot'Kul Sun
Society Of The Abattoir Rebel Alliance of New Eden
2
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Posted - 2011.09.19 17:10:00 -
[6] - Quote
The end is Nigh!
NIGH!!! |
Asuka Solo
Stark Fujikawa Stark Enterprises
464
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Posted - 2011.09.19 17:15:00 -
[7] - Quote
Knot'Kul Sun wrote:The end is Nigh!
NIGH!!!
god i lolled so hard the coffee came out of my nose |
malaire
41
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Posted - 2011.09.19 17:15:00 -
[8] - Quote
I checked that PDF quickly.
Quote: Money services business. A person wherever located doing business, whether or not on a regular basis or as an organized or licensed business concern, wholly or in substantial part within the United States, in one or more of the capacities listed in paragraphs (ff)(1) through (ff)(6) of this section. ... (1) Dealer in foreign exchange. ... ... (2) Check casher ... ... (3) Issuer or seller of traveler's checks or money orders ... ... (4) Issuer, seller, or redeemer of stored value. ... ... (5) Money transmitter ...
I didn't notice (ff)(6) there ..
Virtual currency in games like EVE doesn't fall into any of those categories. Carebear -á* -áTrader -á* -áPerfect Music-á-á* -áNever Scamming -á* -áNever Pirating |
trevormax
Lone Star Exploration Lone Star Partners
0
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Posted - 2011.09.19 17:15:00 -
[9] - Quote
I thought a plex was game time for eve? not isk.
Doesn't matter that you can sell it in game for isk. It's the same as paying your monthly sub and ratting for a bit to get the bounties. |
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CCP Zymurgist
C C P C C P Alliance
115
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Posted - 2011.09.19 17:17:00 -
[10] - Quote
The big difference between PLEX and say Bitcoins is that PLEX is in-game only and it can't be turned into money. Bitcoins can be used to by things, even PLEX, making it a currency.
Both are "virtual" in a sense but it really comes down to the method they can be used. If we struck a deal with Papa Johns so you could use PLEX to feed your family (AS AN EXAMPLE) then it could be classified as currency. Zymurgist Community Representative CCP NA, EVE Online Contact Us at http://support.eveonline.com/pages/petitions/createpetition.aspx |
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Vincent Athena
V.I.C.E.
40
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Posted - 2011.09.19 17:18:00 -
[11] - Quote
"f the MSB conducts $1,000 worth of transactions per person per day, the enterprise must comply with anti-money laundering rules required under the BSA"
I do not think anyone playing eve does $1000 per day, so for that we are OK. If needed, CCP can just limit the number of Game Time Cards a person can buy in one day to, say, 25.
Also as CCP does not provide a way to change plex or isk or aurum back into $, it is not really a currency at all. CCP employees should never proclaim a feature to be awesome. Only subscribers should. |
Ingvar Angst
Nasty Pope Holding Corp Talocan United
44
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Posted - 2011.09.19 17:25:00 -
[12] - Quote
CCP Zymurgist wrote:The big difference between PLEX and say Bitcoins is that PLEX is in-game only and it can't be turned into money. Bitcoins can be used to by things, even PLEX, making it a currency.
Both are "virtual" in a sense but it really comes down to the method they can be used. If we struck a deal with Papa Johns so you could use PLEX to feed your family (AS AN EXAMPLE) then it could be classified as currency.
Something in the works you're not telling us? Kill a Sleeper, get a pizza? Six months in the hole... it changes a man. |
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Chribba
Otherworld Enterprises Otherworld Empire
280
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Posted - 2011.09.19 17:29:00 -
[13] - Quote
bitcoin... haha
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Flynn Fetladral
Royal Order of Security Specialists
451
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Posted - 2011.09.19 17:31:00 -
[14] - Quote
CCP Zymurgist wrote:The big difference between PLEX and say Bitcoins is that PLEX is in-game only and it can't be turned into money. Bitcoins can be used to by things, even PLEX, making it a currency.
Both are "virtual" in a sense but it really comes down to the method they can be used. If we struck a deal with Papa Johns so you could use PLEX to feed your family (AS AN EXAMPLE) then it could be classified as currency.
If you strike a deal with a local organic eco-whole food retailer then I support such a service :-P |
Rodj Blake
PIE Inc.
244
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Posted - 2011.09.19 17:32:00 -
[15] - Quote
Simetraz wrote:Server not in the U.S.A.
Gambling websites are generally based outside the USA, but that hasn't stopped the US issuing arrest warrants.
Dulce et decorum est pro imperium mori. |
DrDan21
Dreddit Test Alliance Please Ignore
72
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Posted - 2011.09.19 17:33:00 -
[16] - Quote
CCP Zymurgist wrote:The big difference between PLEX and say Bitcoins is that PLEX is in-game only and it can't be turned into money.
Ha tell that to the DRF RMT empire, they brag about that car and condo they bought |
Simetraz
State War Academy Caldari State
44
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Posted - 2011.09.19 17:38:00 -
[17] - Quote
CCP Zymurgist wrote:The big difference between PLEX and say Bitcoins is that PLEX is in-game only and it can't be turned into money. Bitcoins can be used to by things, even PLEX, making it a currency.
Both are "virtual" in a sense but it really comes down to the method they can be used. If we struck a deal with Papa Johns so you could use PLEX to feed your family (AS AN EXAMPLE) then it could be classified as currency.
So much for ordering a pizza in game and having it delivered. YOU NEED TO FIX THIS, CCP
Oh wait I still can, NVM
Capitals (Balancing and Roles) |
Nemesis Factor
Deep Core Mining Inc. Caldari State
3
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Posted - 2011.09.19 17:40:00 -
[18] - Quote
PLEX is a product, not a currency. |
Kunming
T.H.U.G L.I.F.E Xenon-Empire
4
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Posted - 2011.09.19 17:49:00 -
[19] - Quote
LoL America |
toxicvega
F.R.E.E. Explorer EVE Animal Control
7
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Posted - 2011.09.19 17:52:00 -
[20] - Quote
Simetraz wrote:Server not in the U.S.A.
ATL office is though, and as such they, (CCP) have an interest here. |
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Zirise
Dreddit Test Alliance Please Ignore
50
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Posted - 2011.09.19 17:53:00 -
[21] - Quote
CCP Zymurgist wrote:The big difference between PLEX and say Bitcoins is that PLEX is in-game only and it can't be turned into money. Bitcoins can be used to by things, even PLEX, making it a currency.
Both are "virtual" in a sense but it really comes down to the method they can be used. If we struck a deal with Papa Johns so you could use PLEX to feed your family (AS AN EXAMPLE) then it could be classified as currency.
DO WANT PLEX FOR PIZZA. |
Emperor Salazar
Dreddit Test Alliance Please Ignore
47
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Posted - 2011.09.19 18:00:00 -
[22] - Quote
CCP Zymurgist wrote:The big difference between PLEX and say Bitcoins is that PLEX is in-game only and it can't be turned into money. Bitcoins can be used to by things, even PLEX, making it a currency.
Both are "virtual" in a sense but it really comes down to the method they can be used. If we struck a deal with Papa Johns so you could use PLEX to feed your family (AS AN EXAMPLE) then it could be classified as currency.
So you're saying PLEX for pizza is in the works then? |
Abdiel Kavash
Paladin Order Fidelas Constans
27
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Posted - 2011.09.19 18:02:00 -
[23] - Quote
Confirming support for PLEX for pizza (although it would make me go broke (in game) in like a week). |
Dradius Calvantia
Creative Cookie Procuring Rote Kapelle
19
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Posted - 2011.09.19 18:04:00 -
[24] - Quote
Eh.. just have the next tengu you ransom send you a pizza instead of isk...
Not actually endorsing this as it is technically against the EULA. I will say this has happened before though. |
tika te
Royal Amarr Institute Amarr Empire
0
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Posted - 2011.09.19 18:09:00 -
[25] - Quote
so if all arguments fail..the bad end: no plex for US ppl.; who cares??! - the world is not "revolving" around US... |
Kitty McKitty
In Praise Of Shadows
99
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Posted - 2011.09.19 18:09:00 -
[26] - Quote
Best story ever. "Why can't I be different and original, like everybody else?" |
Dalmont Delantee
Shiloh Technologies STR8NGE BREW
4
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Posted - 2011.09.19 18:10:00 -
[27] - Quote
Simetraz wrote:Server not in the U.S.A.
This doesn't matter, in the UK there is lots of issues with americans in the UK holding UK investment assets, if an investment house does not segregate out their US citizens then they will suffer fines and/or banned from doing business in the US. Considering a lot of these investment houses are US companies they are shitting bricks.
The US laws tend to screw anyone up if they don't comply, especially if you are dealing with US citizens. In fact, they screw their own citizens up, firend of mine just went back to the US after living in the UK for 10 years, because she didn't declare some interest on a bank account for 3 years she was fined $14,000 reduced down to $3,000. The interest was only -ú150.... |
Dalloway Jones
Republic Military School Minmatar Republic
8
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Posted - 2011.09.19 18:19:00 -
[28] - Quote
Cyniac wrote:That's a minor issue compared to what would happen if the US really decided to go through and impose trade sanctions against Iceland because of the whaling conflict... while unlikely here is how a worst case scenario would play out:
Honestly there is more of a chance of the US deciding "Hey whaling wasn't so bad. I think we'll join you." Especially if a republican wins the next election. |
Dalmont Delantee
Shiloh Technologies STR8NGE BREW
4
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Posted - 2011.09.19 18:25:00 -
[29] - Quote
Dalloway Jones wrote:Cyniac wrote:That's a minor issue compared to what would happen if the US really decided to go through and impose trade sanctions against Iceland because of the whaling conflict... while unlikely here is how a worst case scenario would play out:
Honestly there is more of a chance of the US deciding "Hey whaling wasn't so bad. I think we'll join you." Especially if a republican wins the next election.
Need guns to shoot whales, means no gun control (Those pesky whales they will fight back! Need to shoot them) plus you can get oil from whales...oh my they are dead..:( poor whales... |
Barakkus
700
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Posted - 2011.09.19 19:02:00 -
[30] - Quote
CCP Zymurgist wrote:If we struck a deal with Papa Johns so you could use PLEX to feed your family (AS AN EXAMPLE) then it could be classified as currency.
Implement nao, thnx. |
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