You can read some more information in E-gold Blog,

I consider these points the most interesting to read:

The criminal case has been resolved. The resolution of the criminal case however provides for a second chance, an opportunity to address the flaws embedded in the e-gold system and to transform the “e-gold Operation” into the institutions I, the other directors, and our longsuffering employees and contractors have always envisioned, one that serves to advance the material welfare of mankind.

In harmony with this transformation, we acknowledge that e-gold is indeed a Financial Institution or Agency as defined in US law and should be regulated as a Financial Institution. E-gold Ltd. has submitted an application to FinCEN to be registered as a Money Services Business and will be seeking licensure in all states that require it. Most importantly, working in conjunction with US government agencies, we will be exerting every effort to bring e-gold into compliance with US law and regulation as quickly as possible.

2.3.  User agrees to not use e-gold in any manner that violates the laws of whatever jurisdiction to which the User is subject.

4.6.1.1.  If e-gold investigators reasonably suspect that the e-gold account of User is being used to launder the proceeds of crime or for any other criminal purpose, Issuer may freeze the e-gold account and any other e-gold accounts of User.   Additionally, at the sole discretion of Issuer, User will be subject to damages and other penalties, including criminal prosecution where available and the notification of the general public of User’s actions, at the sole discretion of Issuer.

The next generation of the e-gold application will undertake to enforce a “one-human being/one e-gold User” rule. Instead of the existing logic where a User logs directly into an account, a User in the next generation system logs in as a User. Only validated Users are empowered with the ability to create multiple accounts.

The advantage from the cybercrime-thwarting standpoint will be an ever-stronger ability to blacklist a person who has abused the e-gold system.

e-gold is intensively working on this next generation User-based log-in system but it is likely to be another 6-9  months to deployment. Meanwhile, emergency surgery is required NOW.

1)  Effective immediately, new e-gold account creation is suspended until a compliant interim solution for Customer Identification can be ensured.

2)  We are requesting that autoexchangers - even though the technical beauty of the autoexchanger concept is sublime – cease supporting exchanges to or from e-gold for the time being. 

Looking Forward

We are confident that a regulated e-gold rebuilt to a more systematic specification will be less hospitable to criminals, and more attractive to mainstream business use without being less accessible to those disregarded by legacy payment systems.

1. E-gold out exchanges have been temporarily suspended.

2. Good News! Australian customers receive new ATM debit cards, which could be funded by e-bullion, webmoney and pecunix.

3. May commission payments have been processed.

4. Countries where we accept local deposits and transfers.

1. Effective May 25th we had to temporarily suspend all e-gold out exchanges. We expect to resume normal operations with e-gold soon. E-gold’s “in-house” exchanger, OMNIPay, has closed the office, at this stage until June 18th, due to change of bank accounts. As a market maker we rely heavily on OMNIpay to redeem any extra e-gold. Since OMNIpay is temporarily unable to provide the service, we also were forced to suspend e-gold out exchanges. We do hope that everything will be aback to normal very soon.

2. As we have announced in our last Newsletter, there is a good News for our customers based in Australia. New ATM cards have arrived! We have secured the issued of local ATM cards denominated in AUD. (We are still expecting the replacement of sovereign debit cards, however, this is a separate issue and it is available now).

We received many questions in the last few days on whether or not these cards can be funded by e-currencies. The answer is YES. You can fund them by e-bullion, pecunix, Webmoney and Technocash via our site. Plus the issuer provides additional direct funding options via bank, post office and so on.

For those who may wish to purchase a new card - in could be ordered directly from the issuer at www.aussiedebitcard.com.  With our help you can convert funds in your electronic accounts ( e-bullion and others) into cash. These cards are accepted at any ATM displaying Cirrus or Maestro logos.  If you had previously purchased the Sovereign ATM card from us, you are eligible for a discount when ordering these new cards.

The following features apply to these cards:

•           based on Cirrus/Maestro network, can be used at any ATM worldwide, which displays Cirrus or Maestro logos.
•           Can be used to withdraw cash as well as for purchases at shops, service stations, restaurants and other places where Cirrus/Maestro cards are accepted.
•           Cardholder’s name does not appear on the card. One person can order a few cards.
•           The cards do not have expiry date.
•           funds kept in the account in AUD.
•           Online balance check – Yes.
*           Card-to-card transfers - Yes.
*           Many convenient local funding options.

More information is available from the card’s issuer.

IMPORTANT NOTICE for former Sovereign cards holders: the bank has sent out the checks for the remaining balances on the cards. Some of our cardholders have received the check already. You can deposit your “sovereign” closing balance check to your Aussie debit card (discribed above). To do that please contact us for instructions.

In addition to this, we expect to have new Euro denominated debit cards in stock sometime next month.

3. The affiliate commissions for May 2007 have been paid and the Affiliate system has been updated to reflect May valid and invalid orders.
For those who are new to our services, you may join the Affiliate program for free and receive a minimum of 0.5% commission for referring new customers to us to buy e-currencies. Commission is also paid when you buy e-currencies yourself using your affiliate link. Great if you are a merchant and accept payments in e-gold: by putting your affiliate link on your site you can direct your customers to buy e-gold from us and not only receive e-gold as payment for your own goods and services, but earn the commission from us as well. Note: the commission is only paid for successful orders to purchase e-currencies. No commission is paid for selling e-gold or exchanging between different e-currencies. For more information please visit the Affiliates page.
Reminder to our affiliates: if you would like to receive your commission into your e-gold account, you need to log in into your affiliate ID and nominate that account in your affiliate profile.
Latest affiliate count: 7534.

If you have questions regarding your commission, please read the affiliate TOS first, then if still have questions - contact our staff at support@e-forexgold.com or via the feedback form on the site, quoting your affiliate number.

4. New bank accounts have been opened in Poland and Hungary.   If you are ordering from Canada you need to submit the buy order form on our site to receive the full instructions of how make a cash deposit or local transfer in your country.

We currently have bank accounts and accept cash deposits and local transfers in the following countries:

Australia, Austria, Canada, Cyprus, Czech Republic,  Indonesia,  Israel, Malaysia, New Zealand,  Singapore, Spain, Taiwan, Hungary.

** Please note: if you think that there potentially many people in your country willing to buy e-gold or other e-currencies and you would like us to open a new account or representative office there, please contact us so we can arrange for that to be done as soon as possible.

In other news: We are happy to inform you that long-awaited eForexGold share issue has began! The issue is a private placement limited to TransXpress members. So, if you are a member, you can check out the issue details and apply for shares inside your TX account. If you are not a member yet, maybe it is time to consider joining TransXpress section.

If you have any questions regarding these or other services please e-mail our staff at support@e-forexgold.com.

eForexGold Team