Argentina Sends Online Gambling and Crypto Payment Bill to Congress
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Argentina has sent a bill to Congress to regulate online betting, give the Health Ministry a central role in prevention and treatment, limit advertising and protect minors, and impose prison terms on illegal operators and their enablers. The proposal would bar banks, payment processors and virtual asset service providers from servicing unauthorized betting platforms, creating regulatory headwinds for crypto payments and likely reducing crypto-based gambling activity and VASP exposure.
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- Argentina’s government presented a bill to prevent gambling addiction and regulate online betting.
- The proposal gives the Health Ministry a central role in prevention, treatment, and public awareness.
- The bill proposes prison terms for illegal betting operators and those who help them with essential services.
Argentina’s national government has sent a new bill to Congress aimed at preventing gambling addiction and regulating online betting platforms. The proposal seeks to organize the digital gambling market, limit advertising, and strengthen protections for children and teenagers.
Notably, the bill also targets the financial rails behind illegal gambling. It would prohibit banks, payment providers, and virtual asset service providers from offering services to unauthorized betting operators.
Argentina Targets Online Gambling Risks
Argentina’s government…
Read The Full Article Argentina Sends Online Gambling and Crypto Payment Bill to Congress On Coin Edition.
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