Leosghost - 1:17 pm on Sep 3, 2011 (gmt 0)

Agreed ..Google do not have the money ( by a long way inspite of their tens of billions ) to comply with the new banking regulations in force in many countries as regards to the sums which must be actually in reserve.

Unless of course they get a "free pass" and a "we'll all look the other way and let them act like a bank without being subject to the rules and safeguards that protect customers and international financial transactions" ..

But then they'd have to call themselves Paypal...and as Indyank points out ..some countries are cracking down on the online tat bazaar's money laundering service.

btw ..heard it mooted elsewhere months ago when NF hit android phones...