Times are tough and uncertain, particularly in Europe where the difficulties of a currency union are exposed.
TradeFortress, who is Australian, told the Canberra Times that he won't be reporting the incident to the police because of the "extremely limited actions" they could take, given the difficulty of tracing the currency.
These components add to the difficulty of investing in foreign currencies.
Flooz.com's problems reflect the difficulty of creating a successful online currency -- a point that Beenz.com, another company with its own Internet scrip, underscored last week when it, too, suspended operations.
Governor Carney today highlights the principled difficulties of entering a currency union: losing national sovereignty, practical risks of financial instability and having to provide fiscal support to bail out another country.
But Osborne, Britain's top Treasury official, who had previously hinted at the difficulties of sharing a currency, said he now ruled out such an option.
Your correspondent happened to interview the head of currency trading for a big global bank in Singapore on June 19th, before India's difficulties began in earnest.
To do business overseas, companies must deal with tariff, language and currency issues and the difficulty of establishing distribution networks.
He said: "We think there is a real risk in terms of higher costs, the uncertainty about a currency union and the difficulty of making investment decisions.
The Challenge Tower mode is a single-player option that includes 300 specific challenges of various difficulties providing currency rewards upon completion; players have the option of using in-game currency to bypass other difficult challenges, completing them later.
