Everybody take a breath . . .
First, there are lots of ways to move money around other than Neteller. I live in MD and so can't open a Neteller accunt and I manage just fine.
Second, there are all kinds of ways that the regs could allow various types of transactions. For starters, from what the banks and other commentators have said, it'll pretty tough, if not technically impossible, to draft air-tight regs on this issue. Also, the statute expressly provides the Fed with an out if it finds that a particular category of transactions is "impractical" (I think that's the word used) to block. The banking industry will push hard on this option if it will be at all costly to screen transactions. And we only need ONE exclusion or one loophole to get money into and out of the sites. You can bet that if there's any possible way to move money around the sites will do everything in their power to make it as easy as possible for their customers to use it.
|