NETeller, which many online poker players use to deposit and remove funds at online poker sites, is staying in the United States. Bruce Elliott, Neteller's executive vice president, reiterated the company's stance recently at an online gaming conference in Spain.
On Oct. 1, 2006, NETeller released an official statement on the matter:
"It is currently unclear how NETeller, a European company, with no assets, presence, or employees in the US, would be affected by this bill. Once the regulations have been written, NETeller will have a clearer view of which companies are affected, how those companies will be expected to comply, and any possible resulting impact on NETeller and its US-facing business. NETeller continues to operate its business as normal.
"Over 3 million customers in 160 countries trust NETeller to transfer over $7 billion each year. NETeller (UK) Limited is authorized and regulated in the United Kingdom by the Financial Services Authority and listed on the AIM market of the London Stock Exchange. To protect its customers' money, all deposited, in transit, and uncleared funds are held in trust accounts."
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