Quote:
Originally Posted by Hermes
Yes Moneybookers runs under different regulations, but it's an ewallet too, and that proves that it is possible to run epass kind of service without using fractional reserve system or gambling with customer's money. (Although ironically they are used mostly in gambling/poker sites, but that is user's own decicion, not ewallet's.)
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Moneybookers actually can do what it likes with money not originating or destined for the UK or the greater European economic zone. It is unknown whether it runs a fractional risk system for the remainder of funds. Moneybookers transacts a huge amount of Asian funds, it's highly represented as a payment method for Asian online casinos etc.
The FSA only protects funds originating or destined for UK / Europe.