![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/tny_au_en_usoz_2.gif)
E-Gold Get Tough on Online Gambling
The latest news from E-Gold (http://www.e-gold.com/news.html). I have to admit I’m a bit confused because the Safe Ports Act involves the transfer of funds between a gambling site an a Financial Institution and I wasn’t aware that E-Gold was operating as a Financial Institution, and the whole premise of E-Gold is that you are not transferring actual money but grams of gold.
| 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. |
If you login to your E-Gold account you can see the new settings under your control panel.
