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😳India🇮🇳: Cabinet approves bill banning real-money online betting and slots Paid Members Public
😳India🇮🇳: Cabinet approves bill banning real-money online betting and slots The new regulation aims to criminalize operators, advertisers, and financial intermediaries linked to gambling. Ministers have attempted to distinguish gambling from e-sports and casual games, albeit with caveats. ▶️The bill defines “real-money online game” as any digital game requiring a
💣Hong Kong🇭🇰: CMB (8th largest bank worldwide)🇨🇳launches 24/7 crypto trading in the city Paid Members Public
💣Hong Kong🇭🇰: CMB (8th largest bank worldwide)🇨🇳launches 24/7 crypto trading in the city CMB International Securities, a subsidiary of China Merchants Bank, is preparing to take the lead in Hong Kong’s booming crypto market, whose value is rapidly increasing. ▶️The CMB International trading platform will provide 24/
🎉USA🇺🇸: Wise named key money transfer provider for Google Pay Paid Members Public
🎉USA🇺🇸: Wise named key money transfer provider for Google Pay Google has partnered with Wise, Ria Money Transfer, and Xe to pilot a money transfer service through its digital wallet and search engine. Users will be able to compare and select options. ▶️During the pilot phase, U.S. Google users
😱Ghana🇬🇭: regulator introduces mandatory biometric verification for all forms of gambling Paid Members Public
😱Ghana🇬🇭: regulator introduces mandatory biometric verification for all forms of gambling The Ghana Gambling Commission (GCG) has given operators 14 days (from receipt of written notice) to submit a compliance plan and 16 additional days to integrate the required tools into their operations. ▶️Ghana’s national ID card is now
😱Once in Latam: most gambling companies published their Q2 results Paid Members Public
😱Once in Latam: most gambling companies published their Q2 results In short, Brazil🇧🇷 and Mexico🇲🇽 are leading, while Colombia🇨🇴 and Peru🇵🇪 face challenges due to tax pressures. ➡️In Brazil, gambling and betting have been regulated for 8 months, and so far things are progressing smoothly. It is currently the fastest-growing
⚡️Gambling in the Netherlands: review of license holder data on the agenda Paid Members Public
⚡️Gambling in the Netherlands: review of license holder data on the agenda The Dutch Gambling Authority (KSA) has strengthened oversight of the Central Database (CDB), which stores information on licensed gambling operators. ▶️The goal is to tighten compliance checks. ▶️Context: gambling and betting in the country are regulated by the
👀Morocco🇲🇦: Revolut applies for a limited license from the Central Bank to operate in the country Paid Members Public
👀Morocco🇲🇦: Revolut applies for a limited license from the Central Bank to operate in the country The UK-Lithuanian fintech has already started recruiting staff in Morocco. ▶️Why a “limited” license? Because Revolut plans to establish itself gradually in the Moroccan market: starting as a payment operator and, within two years
⛔️Malaysia🇲🇾: Central Bank (BNM) raises compliance standards for fintechs and e-wallets Paid Members Public
⛔️Malaysia🇲🇾: Central Bank (BNM) raises compliance standards for fintechs and e-wallets The law aimed at combating money laundering and terrorist financing came into effect on January 31 of this year. However, stricter requirements have now been added for customer verification, transaction monitoring, and corporate governance standards. ▶️E-money issuers must now