View Single Post
  #22  
Old 10-31-2006, 06:48 PM
Sniper Sniper is offline
Senior Member
 
Join Date: Jun 2005
Location: Finance Forum
Posts: 12,364
Default Re: Neteller Update...

adios, I think we are basically in agreement over what is likely to occur, and on understanding that we really won't know until the Regs at least start being discussed.

That said, I want to comment on this section of your post...

[ QUOTE ]
I would guess that Neteller is anticipating some sort of regulation that U.S. banks can't do any direct transactions with any entities that do direct transactions with entities that run "gambling" sites. Seems complicated doesn't it? In other words, I'm guessing that Neteller is anticipating the regulations to state that if an e-wallet has direct transactions with a "gambling" site, U.S. banks will not be able to do direct transactions with that e-wallet.

[/ QUOTE ]

It's my opinion, that the Regs won't have to prohibit transactions with e-wallets for us to see Neteller remove itself from I-Gaming transactions. At this time, I fully expect that Neteller will act as if it is a bank subject to the Regs... and if the Regs say no business with I-Gaming sites, then Neteller will pull out of those transactions.