Well, not long after I posted eGold implementing CIP, they have finally IMPLEMENTED CIP.

On their blog, Customer Identification, Identity Document Review, they have stated that they have already implemented CIP and request customer to upload their identification.

When I checked my account, there was a spend restriction and in order to lift that spend restriction, I had to upload my documents….

Which I did… so I guess eGold is on it’s way to regain back it’s credibility… We shall see if merchants will continue to use eGold….

In the mean time, I have to start strategizing my HYIP escapade again…. hehe

eGold seems to be moving towards a positive direction.

They are slowly putting into place what they have promised they would do to improve the credibility of eGold currencies. They have since recently (19 Sept 2008) enhance their Customer Identification Program and also working with KPMG (One of the Big Four Firms) to improve on their Anti Money Laundering Program.

I guess there are still a lot of work to do on eGold’s behalf.

Now these are great news, especially for me as I am still holding some eGold in my account. This could be a risky opportunity as I mention before but it seems like exchangers seems to have gloomier news than I have currently and they don’t seem to want to share it.

I am concluding this because because exchangers seem to be lowering their selling price for eGold… It makes no sense… with this official news from eGold I would assume that price for eGold would maintained on the ‘wait and see’ stance.

So either it is a good opportunity or these exchangers have much more bad news about eGold then I know… or it could just be a simple demand and supply for this currency…

Hmmm……