http://pokerroomreview.com/Search.aspx?Area=news&Search=NETELLER+Official+Update+on+US+position
looks like they have a life line of 8 months and change
looks like they have a life line of 8 months and change
IMO a couple of key pieces here are:
NETELLER, a company registered outside the US, will comply with the Act and its related regulations as if it were subject to the Act’s jurisdiction.
and
Various provisions of the Act, including the obligations of financial transaction providers such as NETELLER, remain unclear.
and
In view of the importance of these issues, NETELLER has accelerated its review of the Act and all other relevant laws and pertinent developments. The Company also continues to closely monitor the regulatory situation and is determining what actions to take well before the conclusion of the 270-day rulemaking period.
So load up now and hope the Feds leave lots of loopholes!
NETELLER, a company registered outside the US, will comply with the Act and its related regulations as if it were subject to the Act’s jurisdiction.
and
Various provisions of the Act, including the obligations of financial transaction providers such as NETELLER, remain unclear.
and
In view of the importance of these issues, NETELLER has accelerated its review of the Act and all other relevant laws and pertinent developments. The Company also continues to closely monitor the regulatory situation and is determining what actions to take well before the conclusion of the 270-day rulemaking period.
So load up now and hope the Feds leave lots of loopholes!
BostonBettor said:
The reason for this position is most important. The full paragraph is:
"NETELLER, a company registered outside the US, will comply with the Act and its related regulations as if it were subject to the Act’s jurisdiction. This action is intended to ensure that the Company is able to continue to operate with the support of its principal commercial partners and to protect its shareholders, business partners, employees and reputation."
Through it's NetBanx subsidiary it processes charge card payments for major banks in the UK, a significant business that would be in jeopardy should they take a different position.
