Newsazenplay.comOpen banking provider Yaspa has partnered with UK sports prize-draw platform The Big Leagues to provide Pay by Bank deposits and withdrawals. The integration also combines bank-account authentication with automated player verification.
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A report examines payment-processing delays affecting iGaming businesses in Asia and Latin America and considers crypto settlement as a possible alternative where regulations permit it. It says compliant crypto processing would still require KYC, AML and transaction-monitoring controls.
Yaspa is providing open banking deposits and withdrawals for The Big Leagues’ prize-draw and sports-prediction products. The service uses direct bank transfers and real-time account authentication for payments and onboarding.
The Financial Crimes Enforcement Network is moving to abandon dormant proposals covering transactions involving self-hosted crypto wallets and anonymizing mixers. The proposals concerned additional anti-money-laundering reporting and oversight obligations.