collectable coin protection act, Re: ali baba counterfeits

[mflugher]

http://www.coinnews.net/2014/12/22/coll ... comes-law/


I wasn't aware this happened, and I try pretty hard to keep up with the news here...


Pretty interesting.


Basically makes it illegal to do what Ali baba does. etc.


hopefully we can get it actually enforced.

[Saabman]

Interesting and good to know! Thanks for posting this!

[Recyclersteve]

How do they plan on enforcing laws in foreign countries?

[silverstacker]

http://www.coinnews.net/2014/12/22/collectible-coin-protection-act-law-becomes-law/


I wasn't aware this happened, and I try pretty hard to keep up with the news here...


Pretty interesting.


Basically makes it illegal to do what Ali baba does. etc.


hopefully we can get it actually enforced.

In an earlier post I discussed a conference that I attended regarding technology and those who use it to sell counterfeit items (including PM's) as well as other illegal items. It's the beginning of a long list that is in its infancy but nevertheless making strides against this type of issue. I could go on and on about stories that I heard regarding theft and security as well as counterfeiting that would make your head turn.

It's a new world and we need to keep up with those looking to take advantage.

[mflugher]

How do they plan on enforcing laws in foreign countries?

It makes everyone along the supply line responsible too. IE the reseller in america, Ali baba or ebay itself, A couple large lawsuits/settlements and ebay/ali baba will start to take this more seriously and hopefully reduce the issue.