NETeller to Comply with Anti Online Casino Act is the hottest headline on Magic Box Online Casino
NETeller to Comply with Anti Online Casino Act
An unexpected change in NETeller's approach regarding the new Unlawful Internet Gambling Enforcement Act is shaking the online casino industry in the United States. The popular online transaction service, used by many online casino players, announced that it will comply with the new act until further clarification is made. Although, the new act addresses credit card companies, there are unclear sections that refer to transactions made by online casino operators, and NETeller does not want to risk its reputation.
Additional details must be released within 270 days by the Secretary of the Treasury and the Board of Governors of the Federal Reserve System, and by that point NETeller will make its final decision regarding their business with the United States' online casino industry. NETeller is looking to protect its shareholders, and other commercial connections and partnerships, and does not want to take unnecessary risks by providing illegal services to the online casino industry. Currently, United States online casino players can still use the service as usual until NETeller gets the information it needs, and will act appropriately.
Non-U.S. players that are using NETeller for their online casino transactions have nothing to worry about, as the new Unlawful Internet Gambling Act only apply to the American online casino industry. The online transaction company does not change its policy regarding non-U.S. citizen, and its relationship with the global online casino audience still stands. Many online gambling operators were hoping that NETeller will become the main payment options for American citizens under the new legislation, but now it seems that a new solution will have to be found.
Related News:
An unexpected change in NETeller's approach regarding the new Unlawful Internet Gambling Enforcement Act is shaking the online casino industry in the United States. The popular online transaction service, used by many online casino players, announced that it will comply with the new act until further clarification is made. Although, the new act addresses credit card companies, there are unclear sections that refer to transactions made by online casino operators, and NETeller does not want to risk its reputation.
Additional details must be released within 270 days by the Secretary of the Treasury and the Board of Governors of the Federal Reserve System, and by that point NETeller will make its final decision regarding their business with the United States' online casino industry. NETeller is looking to protect its shareholders, and other commercial connections and partnerships, and does not want to take unnecessary risks by providing illegal services to the online casino industry. Currently, United States online casino players can still use the service as usual until NETeller gets the information it needs, and will act appropriately.
Non-U.S. players that are using NETeller for their online casino transactions have nothing to worry about, as the new Unlawful Internet Gambling Act only apply to the American online casino industry. The online transaction company does not change its policy regarding non-U.S. citizen, and its relationship with the global online casino audience still stands. Many online gambling operators were hoping that NETeller will become the main payment options for American citizens under the new legislation, but now it seems that a new solution will have to be found.
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