The year given to the united states Treasury, Federal Reserve, and monetary institutions to arrange for the implementation of the UIGEA online casino ban has barely every week to run, and apparently the law will go into effect. Despite requests by a lot of lawmakers to delay the law against online gambling payment processing, there was no move by Treasury officials to delay the activation.Barney Frank not just is prominent among those asking that Congress receive overtime to think about the measure, which never was properly debated after being slipped onto a Homeland Security act, but he also has authored a bill extending the implementation back a year. However the bill hasn't been in a position to advance to committee while more pressing economic issues dominate.
The December 1st beginning of institution of the UIGEA hasn't impeded the dep. of Justice from citing the law against online casinos and their payment processors, anyway. All year, US Attorneys under Eric Holder was seizing bank accounts using the ban as a part of the legal attack package.
The tightening of Internet censorship against online gambling comes at an ironic time, as President Obama speaks in China regarding the need for Internet freedom. However, Obama's DoJ has not reflected the values the President extolled in his campaign, wherein Internet freedom was a top topic.
Frank's bill proposing regulation and licensing of online casinos should still render the UIGEA moot. However the task to plot systems for financial companies to conform may leave lingering results, even though regulation is passed, as private companies decide to err at the side of caution if gambling becomes a good more confusing issue.
Published on November 21, 2009 by A.J.Maldonado
Read More... [Source: UIGEA News]
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