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e-Gold Takes Action To Prevent Online Gambling

Mark Herpel
February 21, 2007
In a move which has resulted in compliance with the Unlawful Internet Gambling Enforcement Act of 2006, e-gold has added a software option for all user accounts that will prevent gaming companies from allowing US account holder payments. The addition seems to make e-gold digital currency safe for all account holders struggling with the interpretation of new US regulations.e-gold Empowers Online Gambling Sites
to Refuse Payments from US Persons

On October 12, 2006, the Safe Ports Act was signed into law in the United States. As a result of the Safe Ports Act and the Unlawful Internet Gambling Enforcement Act of 2006 contained in the Safe Ports Act, the facilitation of many forms of Internet gambling by persons located in the United States has become a proscribed activity. With the objective of preventing the use of e-gold by United States persons for unlawful online gambling, e-gold has deployed a feature whereby any e-gold account holder may configure their e-gold account(s) to block incoming e-gold Spends from accounts controlled by Users residing inside the United States or who are accessing the Internet from within the United States. Online gambling businesses using e-gold are now required to enable this new account attribute.

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Mark Herpel

Alternative payments guy.

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