This piece of news is not new. I have been pondering whether the update on GDCA is recent since there’s no date indication on the page at all (Just look at the news right below, the piece on Intgold is so old!).

Also, Mark have written an entry on the warning too. I’m guessing he’s not a fan of GDCA by the way he puts it. (tsk tsk, why not lets start one industry watchdog!)

The warning:

E-BULLION WARNING

Due to numerous unanswered complaints, the Global Digital Currencies Association would like consumers and merchants to be aware that E-bullion.com closes and/or freezes accounts without any court order or reasonable justification, sometimes freezing customer funds forever.

This unscrupulous policy makes E-bullion an unfavorable system for online commerce and for the safe and secure storage and transfer of funds.
We recommend that E-bullion account holders switch to a different digital currency immediately in order to avoid frozen accounts and loss of funds, such as:

1. GoldMoney - www.goldmoney.com
2. Pecunix - www.pecunix.com
3. Liberty Reserve - www.libertyreserve.com
4. c-gold - www.c-gold.com
5. PhoenixDollar - www.phoenixdollar.com

Whether is it true that E-bullion is suspending accounts without grounds remain a question since there are no proofs being presented. Mark has emailed them for an official response but if E-bullion is working as to what one of his reader Andy comment ‘They don’t even respond to customer complaints so I wouldn’t hold your breath.’, chances are slim that we’ll get any response.

On the other hand, it’s good to see C-gold is gaining good grounds with the Digital Currency community. With such warning dampening E-bullion, and with E-gold facing DOJ indictment, who will emerge as the next leader in the digital bullion empire?