The Central Bank of the Philippines (Bangko Sentral ng Pilipinas, BSP) recently issued a public consultation draft proposing stricter regulation of banks and electronic wallet services involved in online gambling payments. This move aims to enhance protection for minors, problem gamblers, and other
The Philippine Congress is currently deliberating a significant legislative proposal aimed at amending the existing "Bank Secrecy Law" to allow the Central Bank (BSP) to access bank account information, including foreign currency accounts, without court authorization under specific circumstances. Th
A new study published in the journal "Academia Against Poverty" delves into the operations of Myanmar's cybercrime syndicates, revealing how scams, money laundering, and human trafficking are deeply embedded in the border areas of Myanmar and the underground gambling networks, forming a vast transn
Massachusetts’ top securities regulator has begun an investigation into trading platform Robinhood’s decision to launch a prediction-markets hub that allows users to bet on the outcomes of a range of events, including March Madness college basketball tournaments.Massachusetts Secretary of State Bill
The platforms that are part of the National Association of Games and Lotteries (ANJL) must move forward the ban on the use of credit cards for online betting to October 1st. The prohibition of this payment method had already been determined by a decree from the Ministry of Finance, but the rule only
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