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April 2008
4/30/08
4/2/08
Congress Prefer's Testimony On Online Gambling
Wednesday, April 2, 2008
2:23:00 AM EDT
Feeling Silly
Current U.S Law ( UIGEA ):- According to current law on internet gambling in U.S, no financial institutions and credit card companies can transfer payments to online gambling sites.
Barney Franks' Bill ( IGREA ):- According to IGREA , online gambling will be legalized and properly regulated and use of credit cards and other financial instruments will be used to transfer payments to gaming sites.
Now the question raised by the ABA ( American Bank Asociation ) is, they cannot check each and every transaction and its just a waste of time focusing in this matter, rather than focusing on other important and crucial matters regards to countries economy slowdown.
One organization representing offshore gambling companies said today that the banks shouldn’t be wasting their time regulating gambling because they have bigger issues to deal with.
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2:23:00 AM EDT
Feeling Silly
Congress Prefer's Testimony On Online Gambling
Current U.S Law ( UIGEA ):- According to current law on internet gambling in U.S, no financial institutions and credit card companies can transfer payments to online gambling sites.
Barney Franks' Bill ( IGREA ):- According to IGREA , online gambling will be legalized and properly regulated and use of credit cards and other financial instruments will be used to transfer payments to gaming sites.
Now the question raised by the ABA ( American Bank Asociation ) is, they cannot check each and every transaction and its just a waste of time focusing in this matter, rather than focusing on other important and crucial matters regards to countries economy slowdown.
One organization representing offshore gambling companies said today that the banks shouldn’t be wasting their time regulating gambling because they have bigger issues to deal with.
Written by mikeshammy Blog about this entry |
Add to del.icio.us | digg this
9/21/08 3:02 AM