UIGEA slaughtered at the 2nd April congressional hearing
The 2nd April Congressional hearings on the implementation of UIEGA have led to widespread press coverage.
Online Casinos do a good a job as any of summarising the main issues so I will be leave it to them.
The implications - the US has to regulate in the end. It is just a matter of time.
Read at the link below:
UIGEA LAW TOO AMBIGUOUS TO WORK SAY HEARING WITNESSES [Online Casinos]
The US and international media gave extensive coverage to April 2nd's Congressional hearings on the hopelessly bogged down Unlawful Internet Gambling Enforcement Act regulations, with the consensus across a wide cross section of witnesses appearing to be that the law was just too ambiguous to work, and could have a serious adverse impact on e-commerce.
The full testimony can be found here:
Proposed UIGEA Regulations: Burden without Benefit?” [House committe on financial services]
1 comments:
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UIGEA was a bad idea from the beginning! From the sleazy way in which it was introduced to the vague regulations and unfunded mandate foisted on the banking industry this act should be consigned to the dustbin of history.
J Davis
http://www.bingohouse.com
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