🧉 Hola, Argentina🇦🇷: the proposed gambling bill will restrict payments on unauthorized betting platforms

🧉 Hola, Argentina🇦🇷: the proposed gambling bill will restrict payments on unauthorized betting platforms

The regulatory debate continues in Argentina. The proposed legislation would introduce restrictions on payments to unauthorized betting platforms, affecting banks, payment systems, and cryptocurrency service providers.

🔣 According to Argentina’s Ministry of Health, which is promoting the inclusion of this provision in the bill, the National Communications Authority (Enacom) may receive powers to block transactions linked to unauthorized operators.

🔣 Providing cryptocurrency services to illegal platforms may result in prison sentences ranging from 2 to 4 years.

🔣 In addition, financial institutions and payment systems will be prohibited from cooperating with platforms that, even if licensed, do not implement effective age-verification mechanisms.

🔣 Since Argentina has a federal governmental structure and the law under discussion is federal in nature, provincial authorities will need to establish new coordination mechanisms with local regulators and financial institutions. This means that even after the bill is approved, regulatory and operational inconsistencies may continue across different regions of the country.

#news #Argentina #gambling #crypto

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