NETeller, a leading online casinos e-cash processing company, recently commented on the US financial ban for online gambling transactions. The company issued a message to its online casinos members pointing out that a period of up to nine months has been granted by the US enforcement and federal banking entities to prescribe regulations for the new anti-online gambling funding bill.
NETeller continues to operate its business as normal and stated the following: ‘Over 3 million customers in 160 countries trust NETeller to transfer over US 7 billion dollars each year. The company is authorized in the UK by the Financial Services Authority and listed on the AIM market of the London Stock Exchange. To protect its customers’ money, all deposited, in-transit, and un-cleared funds are held in Trust Accounts.’ These regulations will be necessary in order to require each designated payment system and all online casinos participants therein to identify and cease or otherwise prevent or prohibit restricted online casinos financial transactions.
It seems that the online casinos e-cash procession company will have no real trouble due to the new anti-online gambling funding bill passed in the US recently. More and more online casinos and other gambling portals on the Internet are facing the unwavering stand taken by the US regarding online gambling. If this continues, online gaming companies all over the world will be affected, most likely in a negative way, by the US’s refusal to legalize gambling online. In the meantime, it will be business as usual for NETeller.