Newsazenplay.comSouth Africa is developing a coordinated regulatory framework for cross-border payment facilitators used by offshore gambling platforms. Proposed requirements would cover settlement and reporting, bringing currently unregulated facilitators under closer oversight.
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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…