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    May 16th 2007

    Interesting. Read more about this on our blogmaster ePanama’s publication DigitalMoneyWorld here.

    You can of course, share your thoughts via Comments or Nobsnetwork.

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    3 Responses to “Paypal Moves to Luxembourg and Becomes a Licensed Bank”  

    1. Gravatar Icon 1 opie999

      I wonder if their TOS will change to allow “legit” HYIP, AS, MLM, etc.? They must be aware of the void, real or imagined, left by EG. Maybe this is their first move in that direction? Maybe the sharks smell blood in the water and the feeding frenzy is about to begin? Ton$ of money to be made either way!!

    2. Gravatar Icon 2 sharonsopinion

      HI Opie,

      I think that is wishful thinking. I speculate that PayPal moved away from HYIP, AS, MLM, etc. more because of chargebacks, than the legality issue. Remember that it wasn’t until recently that the US cracked down on gambling online.

      JMO,
      Sharon

    3. Gravatar Icon 3 opie999

      Hey, Sharon.

      Heheh. I admit my speculations are fueled, in part, by wishful thinking. :-)
      But why move their HQ to Luxembourg, outside the reach of US authoritahs, merely to become a licensed bank?

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