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Stricter gambling payment rules eyed

  • BSP aims to tighten rules on online gambling payments to prevent misuse.
  • Draft circular focuses on promoting responsible use and mitigating social/financial risks.
  • Proposed regulations include capitalization requirements, anti-money laundering measures, and responsible gambling policies.
  • Providers must restrict links to gambling sites and enhance monitoring of transactions.
  • Violations may result in sanctions, including monetary penalties and suspension of services.

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