16 March 2006

DXRegulation Format

I'm going to spend more time exploring the manner by which DXinOne intends to ensure the regulation of those DXMerchants who will operate their e-currency exchange system ...

GDT Inc --- the proprietors of DXinOne ('DXiO'), which is featured on the Opportunity page at the Longer Life website --- will soon require that anyone desiring to be a DXMerchant in their system establishes an International Business Corporation ('IBC') in Vanuatu. The basic premise of the IBC is accountability.

That the IBC is being domiciled in a tax haven is a fringe benefit.

The checks and balances of international financial compliance and legal treaties provides the basis of the regulatory system. Vanuatu is obviously a participant, or their licensed entities would have difficulty operating in other soverign states. Even though it's a smaller tax haven, it is very aware that the reach of greater powers' authority encompasses them. If you want an example of this point, look to the Turks & Caicos in the mid-80s, when the FBI swooped on their prime minister and other public officials for drug-running and money-laundering. That tax haven has never been the same since, costing it billions in lost business.

Survivable entities such as corporations and trusts are the vehicles best suited for operating in such a regulatory system. This is surely a concept that needs no further detail. Frankly, their chief officers are faceless unless there is an unusual personal dynamic they bring to the package. Otherwise, it is the corporate profile --- assets, activities and results --- which commands attention in the financial sector.

Thus, it is only logical that GDT wants any franchisees in DXiO to assume a corporate visage. It cements their accountability within an existing, enforceable regulatory system.

No assumptions are necessary.

When their public rollout begins in earnest, they'll be marketing their corporate image and related products. In a multi-million-dollar enterprise, what else would one expect? More to the point, the vital product they'll be marketing is a currency exchange verification system which practially eliminates the personal idiosyncracies of private financial transactions.

The premise of DXiO's institutional format providing comfort to the potential marketplace renders ironic any point regarding corporate personalization being a signficant factor in their acceptance and success.

As a consumer, your protection will come from the regulatory system. As a franchisee, your ultimate responsibility will be to the regulatory system. If any franchisee runs afoul of that system, he'll soon find himself in front of the authorities and held sternly accountable as much as the violators in other companies have been. If GDT runs afoul of that system, you will see other substantial parties --- as I've stated previously --- who are more than willing to replace them as proprietors of DXiO, an eventuality for the which legal process most certainly provides.

It remains a secondary point, but I'll repeat again that the DXiO website contains a text which confirms phone support and administrative details will ultimately be announced. As GDT has, to date, ultimately performed on their previous proclamations, I don't know why this one would be any different.

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