Herpel: I suspect all DGCs will either get the licensing requirements as a money transmitter in the states where they have customers, or simply drop all U.S. [customers] and block U.S. IP [addresses], similar to the situation which has developed from the [Unlawful Internet Gambling Enforcement Act of 2006].
None of e-gold's competition [is] located in the United States. The Judge in this e-gold case wrote a very specific opinion that the DGC business e-gold conducted was considered money transmitting, so all other businesses similar to this will fall under the same spotlight. Today, tomorrow, next month . . . I don't know exactly when but soon.
So for all users and operators outside of the U.S., this case does not bring with it any big changes. So the 'true' value of this successful prosecution remains within U.S. borders and within the e-gold system.
More news, commentary, and predictions from The Industry Standard:
Post new comment