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Old 02-02-2007, 01:18 AM
pokerpunchout pokerpunchout is offline
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Join Date: Feb 2006
Posts: 224
Default Re: USA Today article - Neteller


I would not doubt that the reason for the P2P shutdown has to do with the US Feds. My guess ( and this is only an educated guess at this point) is that the DOJ has ordered Neteller to hold all funds associated with US customers.

I would bet that this will be the case until a suitable payment method can be worked out between the DOJ and Neteller that will allow tracing money to specific individuals. This would be not unlike 1099b forms that you recieve from bokerage firms. I could forsee a stop being placed until Neteller is capable of issuing a 1099 for tax purposes for each individual US account holder.
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