London Gold Exchange was a digital currency exchanger founded in 2001. The London Gold Exchange was owned by LGE International LTD., an offshore company

Offshore company

The term offshore company is ambiguous. It may refer to either:# A company which is incorporated outside the jurisdiction of its primary operations regardless of whether that jurisdiction is an offshore financial centre i.e...

 registered in Belize

Belize

Belize is a constitutional monarchy and the northernmost country in Central America. Belize has a diverse society, comprising many cultures and languages. Even though Kriol and Spanish are spoken among the population, Belize is the only country in Central America where English is the official...

, with offices in London

London

London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

, England

England

England is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental...

 and Hong Kong

Hong Kong

Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...

.

London Gold Exchange operated 2 franchises, one in the UK and one 'International' which covered everywhere other than the UK.
The UK administration office was in Central London, with staff based in locations around the UK.
The International administration office was in Hong Kong

Hong Kong

Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...

, with staff also operating from mainland China

China

Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...

.
Technical staff also operated from locations in Australia

Australia

Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...

.

London Gold Exchange bought and sold the following digital currencies:

• c-gold
• Liberty Reserve
• Pecunix
  Pecunix
  Pecunix is a digital gold currency founded in 2002 by Simon Davis. Similar to competing systems such as e-gold, Pecunix allows for the instant transfer of gold between user accounts....
  
  
• v-money

London Gold Exchange's fees for exchanging fiat currency into digital currency, ranged from zero percent to six percent.

Fees for exchanging digital currency back to fiat currency ranged from zero percent to eight percent.

Permanently closed

Per a notice on the website, on September 26th, 2011, the London Gold Exchange is permanently closed for business citing unspecified "operational difficulties":

Due to operational difficulties the London Gold Exchange is permanently closed for business.
Thanks to all of our members.
London Gold Exchange
International Digital Currency Trader
26/09/2011