oday28
10-02-2006, 08:52 AM
This was posted on another forum. Apparentely Neteller has made this statement.
This is from Neteller
The Isle of Man-based e-cash processor Neteller issued a calming message to Neteller members late Sunday, pointing out that
a period of up to 9 months has been allowed for the US enforcement and federal banking entities to prescribe regulations for the new anti-online gambling funding bill.
These regulations will be necessary in order to require each designated payment system and all participants therein to identify and block or otherwise prevent or prohibit restricted transactions, the statement says.
"It is currently unclear how NETELLER, a European company, with no assets, presence or employees in the US, would be affected by this bill. Once the regulations have been written, NETELLER will have a clearer view of which companies are affected, how those companies will be expected to comply, and any possible resulting impact on NETELLER and its US facing business.
"NETELLER continues to operate its business as normal.
Hopefully this will ease many minds.
This is from Neteller
The Isle of Man-based e-cash processor Neteller issued a calming message to Neteller members late Sunday, pointing out that
a period of up to 9 months has been allowed for the US enforcement and federal banking entities to prescribe regulations for the new anti-online gambling funding bill.
These regulations will be necessary in order to require each designated payment system and all participants therein to identify and block or otherwise prevent or prohibit restricted transactions, the statement says.
"It is currently unclear how NETELLER, a European company, with no assets, presence or employees in the US, would be affected by this bill. Once the regulations have been written, NETELLER will have a clearer view of which companies are affected, how those companies will be expected to comply, and any possible resulting impact on NETELLER and its US facing business.
"NETELLER continues to operate its business as normal.
Hopefully this will ease many minds.