I found the email talking about what happened...
E-gold: The "Iranian Issue"
(from Capitalex.com)
According to
http://www.e-goldstrong.com, on November 24 e-gold suspended the
accounts of all its Iranian users. When contacted by an Iranian user, an
anonymous e-gold representative known as "Service 2" sent the following reply:
Your account has been frozen in compliance with the laws which govern e-gold,
Ltd. and its managers. e-gold, Ltd. has taken this step in strict compliance
with the law.
No further information is available at this time. When additional information is
available it will be provided upon account login.
Thank you,
Service 2
It is likely that the Office of Foreign Assets Control (OFAC) forced e-gold to
freeze all Iranian accounts. This would be in accordance with OFAC regulations
in regards to Iran, which can be read at
http://www.treas.gov/offices/enforcement/ofac/programs/iran/iran.pdfExcerpt:
EXPORTS TO IRAN - In general, unless licensed by OFAC, goods, technology
(including technical data or other information subject to Export Administration
Regulations), or services may not be exported, reexported, sold or supplied,
directly or indirectly, from the United States or by a U.S. person, wherever
located, to Iran or the Government of Iran. The ban on providing services
includes any brokering function from the United States or by U.S. persons,
wherever located. For example, a U.S.
person, wherever located, or any person acting within the United States, may not
broker offshore transactions that benefit Iran or the Government of Iran,
including sales of foreign goods or arranging for third country financing or
guarantees.
It has been pointed out that e-gold is a Nevis corporation and therefore not
subject to US laws. However, e-gold is administrated from within the US, by
"U.S. persons", and therefore falls under this regulation.