opencoin legal issuesdistance marketing directiveonly relevant to promotionselectronic commerce directiveif one follows regulations, one can brovide UK-EU electronic activitiescommercial communications (cc)clear conditionsidentify promotional offersmust identify the person on which behalf cc is mademust be identifiable as ccpromoting financial servicesmoney laundering / terrorismanti-terrorismnot knowing helpsanonymous helpsmoney launderingexcemptionsnot a financial businesse.g. non profitpayment providerway of businesstransfer of fundsmoney service businesscashing chequesmoney transmission servicecurrency exchange officefinancial institutionsissuing and administring means of paymentlikely that it needs to be carried out by way of businessno clear definitionincludes provision of money transferdone by way of businessnot for freecharging a feetransmitting customers money according to customers instructionscredit instituionsnot electronic money providerselectronic moneyfinancial regulation