posted on Apr, 24 2012 @ 11:26 AM
I have a VISA credit/debit card I use and VISA and my bank are already telling me what I can and can't buy. I use to shop overseas online, but my
bank account kept getting locked up when a creditor that was red flagged popped up on their systems.
Mostly online gambling affiliated sites are blocked on the Federal level, the banks have no say in it, VISA has to abide by the Federal regulations,
and online gambling is on their list of can't spend your own money on. I wasn't doing online gambling, but the sites I bought from "shared" a 3rd
party VISA processor that was affiliated with online gambling out of China. So when I attempted to buy from them, my bank account was locked up until
I called to clarify the transaction.... which still never went through after explaining it to them.
So yes, electronic money is Federally regulated right now. They are already telling us what we can't spend our own money on.