Newsazenplay.comCoins.ph is facing possible sanctions from the Philippine central bank over allegations that it served offshore gambling businesses. Incoming transfers through InstaPay and PESONet have been blocked, while outbound transfers and other services remain available.
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A South African betting executive said crypto can facilitate access to offshore gambling but could also support stronger payment controls. Proposed measures include screening customers against social-grant and student-funding records, self-exclusion databases and recipient checks by regulated…
South African authorities are developing a regulatory approach for cross-border payment facilitators that aggregate domestic payments for overseas businesses. The proposed framework would introduce requirements for cross-border settlement and reporting as digital-wallet transaction volumes continue…
South African authorities are preparing broader oversight of cross-border payment facilitators that process transactions for overseas businesses. Although the proposed framework is not gambling-specific, it could affect payment infrastructure used by offshore betting platforms serving South African…