I've often receive many questions in regards to how it is possible for any eCurrency service to provide anonymous online e-currency accounts and what are the financial or legal risks involved. Also, are these eCurrency providers a reasonable "Tax Haven". These are definitely valid and legitimate concerns, so I thought I would take a minute to share my answer with the people of the forum. Let's start with the "Anonymous Banking" question. How is it possible for anyone to provide Anonymous Online Banking Services without coming to the mercy of federal financial regulations? Simple... They buy and sell eCurrency. eCurrency is a privately created item and IS NOT manufactured or regulated by the Federal Reserve. eCurrency does not enter into the market place of "Hard Money" and therefore, the same Laws and Regulations, which apply to "Hard Money", simply do not apply to eCurrency. KYC, an acronym for "Know Your Customer" is a professional short form for a Due Diligence process that is legally required to establish the identity of a customer or beneficial owner and strictly applies to financial institutions, such as banks. Anonymous eCurrency Services are not actually financial insitutions in themself, but a buyer and seller of eCurrency... a product. With that being said, KYC is not a requirement of a merchant who is buying and selling a product. This is how such "Anonymous" eCurrency providers are able to provide you with anonymous eCurrency solutions. Now lets talk about your personal security and safety of your money. Many people ask if their funds are FDIC insured with such "Anonymous" eCurrency providers. Simply put, no they are not FDIC insured and here is why. It is impossible for your funds to be FDIC insured with ANY instituion and still maintain any level anonymous status, for one simple fact. FDIC is an acronym for "Federal Deposit Insurance Corporation". They only insure funds which are printed and regulated by the federal reserve... not eCurrency. If you want to have your funds FDIC insured, simply put, you have deposit and transfer them through a standard bank account, which will not allow you to remain anonymous. There are no Online Payment Processors out there who are FDIC insured. Many of them will pool your money into an FDIC insured bank account, which still falls under the mercy of regulatory government laws, which still allow your funds to be at risk of being seized or frozen. So is your money really safe with these processors? It simply wouldn't do any of them justice to run away with any amount of money and then close their doors, when they can continue to reap the benefits of an ongoing cash flow. It is understandable that you may be skeptical in trusting your funds with any company who claim to provide "Anonymous" financial services, especially with all the current hype around "Anonymous Online Banking", but the trust has to start some where. The best that I can recommend, to build up our trust is to simply try them out with a small amount of money and see how convenient and reliable their service actually is. Honestly, I'd be more willing to try out a newer "Anonymous" company than I would be with some anal outfit like paypal... they freeze funds all the time. I've honestly come across a couple REALLY good providers of anonymous eCurrency solutions, but, Im not here to spam... just wanted to give everyone my take on the situation... and i did research the laws, so I have atleast some idea of what Im talking about.... Hope this helps!