U.S. warned not to implement UIGEA
Barney Frank and his pals have sent an official letter to U.S. Treasury and Federal Reserve officials telling them *not to waste any more time trying to implement a ban on online gambling*.
In other words -Â they are giving a direct order not to enforce the UIGEA! (UIGEA = Unlawful Internet Gambling Enforcement Act)
This is awesome news, but don’t get too excited just yet -Â as there is still a long way to go. For one thing -Â don’t expect any US-based banks to start processing any gambling transactions anytime soon, as that is still technically against the law.
But the good news is that this edict might hopefully serve to bolster the confidence of offshore processors to start opening their doors to American Players again. After all - if the offshore processors know the US banks are no longer required to monitor the transactions, and both sides know that that the offshore operations are not technically doing anything illegal - then why not start accepting credit cards again?
It’ll take a while before this happens, but the door is now open.!
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