Neteller Update...

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THEY HAVE SAID THEY WILL COMPLY WITH THE LAW.

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Nobody knows what THE LAW is going to be or what it's going to require.

So much misinformation . . .

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Hock,

Here's the thing to me although this is a non-lawyer's opinion. Either RIGHT NOW THIS VERY MINUTE the law makes Neteller facilitating transactions to the sites remaining in the US market illegal or it does not. It isn't the regs that define what is legal, but how the law can be enforced. So whether or not the regs are effective in carrying out the legal intent of the law or not doesn't matter as far as just the question of legality. Even if Neteller were to exit the US market later, they would still have broken the law right now. Just like a bank robber who stopped robbing banks and later says since he stopped he shouldn't be considered a robber right now. And ditto for the sites still in the US market who might withdraw later.

Neteller has a good reputation for honesty and security, and if they don't want to have their business gutted or undergo the risk of the DoJ having a contrary legal interpreation than them pre or post regs, then they should be seeking to change their coporate domicile to a friendlier place, and probably as well to take themselves private again. Otherwise some other concern will rise up to fill the void and take that business.