Hello everyone,
I am looking for legal advice regarding a forum website I own. It is an online community forum just like this one, but it is sort of a buy/sell/exchange place. Mostly people buy, sell and exchange e-currencies. A few of these e-currencies.
There are people (vendors) who join the forum and offer their services of buying and selling these e-currencies. For example, if someone wants to buy certain coins. They would sell the coins and take some other currency (bank transfer etc.) as payment. They would also buy these currencies and then resell them at a profit. So this is the basic gist of what goes on in my forum.
Now here is the problem. There are some people there who are buying and selling illegal or stolen or hacked funds. For example, stolen or hacked funds from PayPal. It is very difficult for me to pin point who is dealing with these hacked and stolen funds and who is dealing with legitimate funds. When I do find someone dealing with such hacked or stolen currencies, I ban them from the forum. But it is almost impossible to find out which ones are those people. You can take the example of eBay. Many people buy and sell stuff there. Some people are selling legitimate stuff. Some people must also be selling stolen stuff.
How do I earn? These vendors (buyers and sellers of currencies) buy ad spaces from me on the forum to promote their services.
Now, my question is, can I get into legal trouble with this? What can I do to protect myself and my forum from trouble with authorities?
P.S. I am not located in the US. The members (these buyers and sellers) I have on the forum are all international from a lot of countries of the world, a few are from US as well.
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DO NOT try to be sneaky and SPAM our site.
We don't allow advertising or spamming.
I am looking for legal advice regarding a forum website I own. It is an online community forum just like this one, but it is sort of a buy/sell/exchange place. Mostly people buy, sell and exchange e-currencies. A few of these e-currencies.
There are people (vendors) who join the forum and offer their services of buying and selling these e-currencies. For example, if someone wants to buy certain coins. They would sell the coins and take some other currency (bank transfer etc.) as payment. They would also buy these currencies and then resell them at a profit. So this is the basic gist of what goes on in my forum.
Now here is the problem. There are some people there who are buying and selling illegal or stolen or hacked funds. For example, stolen or hacked funds from PayPal. It is very difficult for me to pin point who is dealing with these hacked and stolen funds and who is dealing with legitimate funds. When I do find someone dealing with such hacked or stolen currencies, I ban them from the forum. But it is almost impossible to find out which ones are those people. You can take the example of eBay. Many people buy and sell stuff there. Some people are selling legitimate stuff. Some people must also be selling stolen stuff.
How do I earn? These vendors (buyers and sellers of currencies) buy ad spaces from me on the forum to promote their services.
Now, my question is, can I get into legal trouble with this? What can I do to protect myself and my forum from trouble with authorities?
P.S. I am not located in the US. The members (these buyers and sellers) I have on the forum are all international from a lot of countries of the world, a few are from US as well.
.
.
.
..
.
..
.
..
.
DO NOT try to be sneaky and SPAM our site.
We don't allow advertising or spamming.
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