On 13 Feb 2003 at 9:50, Declan McCullagh wrote: > BANKS AGREE TO BLOCK NET GAMBLING CREDIT CARD TRANSACTIONS > Ten banks have reached agreement with N.Y. Attorney General > Eliot Spitzer to begin blocking credit card transactions > involving online gambling. The banks agreed to pay the > Attorney General's office $335,000 to cover costs associated > with an investigation into the activity. The Office said > that the settlement is part of "a trend in law enforcement > to focus on intermediaries in combating illegal online > activity." > <http://shorl.com/defrehasubrise> [Stamford Advocate]
Excellent. The effect of this, and thousands of similar measures, is to make US based banking slow, unreliable, and expensive. If you want good banking services, look for a reasonably capitalist country that is as far from the US as possible. This measure will accellerate the adoption of GoldMoney, and expand banking in places resistant to US regulation, thus improving the liquidity of the out-of-the-US system.
