☠️Australia 🇦🇺 bans the use of cryptocurrencies and credit cards for online gambling

☠️Australia 🇦🇺 bans the use of cryptocurrencies and credit cards for online gambling

It's similar to what's happening in Brazil 🇧🇷, where the regulator is taking strict measures. The restriction came into effect on Tuesday, June 11.

➖ The goal of the Australian regulator is to align online gambling rules with those already in place for physical gambling. The restrictions do not apply to lottery payments.

➖ Supervision will be carried out by the Australian Communications and Media Authority (ACMA) and local authorities, which vary by state.

➖ Companies that do not comply with the new rules will have to pay a fine of 234,750 Australian dollars (about 155,000 USD).

➖ Context: Online gambling in Australia is regulated under the Interactive Gambling Act of 2001. The situation is peculiar because some forms of betting are allowed (such as lotteries, bingo, football or horse racing), while others are prohibited (slot machines, blackjack, roulette). However, only those providers with a local license can offer gambling services.

As a bonus for those who read to the end — here is a list of legal Australian operators... Use it wisely❗️

#news #Australia #crypto