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  1. #1
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    Default Philippines to study impact of banning online gambling

    The gaming regulator in the Philippines is no longer issuing online gambling licenses after China pushed for the country to ban online gambling to crackdown on cross-border gambling. China’s goal is to avoid having criminals use cross-border gambling for laundering funds and illegally recruiting workers
    .
    The country’s Anti- Laundering Council is examining the industry to determine what sort of impact banning online gambling would have.

    From Reuters:

    Benjamin Diokno, who is governor of Bangko Sentral ng Pilipinas (BSP) and head of the Anti-Money Laundering Council, has ordered the agency and the central bank's financial stability team to "put some sense to this online gambling".

    "What if all of a sudden they decide to pack up and leave? What will be the impact of that on the property sector, also the food industry, the restaurants? This is part of my job as BSP governor," Diokno told an economic forum on Tuesday.

    Read more here: https://www.nasdaq.com/article/phili...20190827-00135

  2. #2
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    No government can effectively ban online gambling as long as there are VPNs and crypto online casinos.

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    Good point, sweetbet. I can't see it happening either and Bitcoin has now been around for 10 years and it's still going strong worldwide. Let's also not forget its popularity.

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    Default

    Quote Originally Posted by sweetbet View Post
    No government can effectively ban online gambling as long as there are VPNs and crypto online casinos.
    Well not 100% ban but some countries are doing it better forcing operators to change their Ip's and urls all the time which makes their life and the affiliates lives much much harder!

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