Australia recently made a significant move by banning the use of credit cards and cryptocurrencies for online gambling. The decision was made to protect citizens from potential financial harm that can result from excessive betting. This ban is intended to help curb the growing issue of problem gambling and prevent individuals from accumulating debt through online betting activities.
Individuals and companies in Australia are required to comply with this new regulation, with fines of up to $155,000 for those who do not adhere to the ban on using credit cards and cryptocurrencies for online betting. The hefty fines serve as a deterrent to ensure strict enforcement of the ban and to hold accountable any entities that attempt to bypass the regulations set in place to protect consumers from financial risks associated with online gambling.
Standard Chartered, Animoca Brands Join Hong Kong's Stablecoin Sandbox
The Hong Kong Monetary Authority (HKMA) has announced participants, including Standard Chartered and Animoca Brands, for its stablecoin issuer sandbox
BlockFi To Begin Temporary Crypto Distributions On Coinbase In July
Bankrupt crypto lender BlockFi will begin its first temporary distribution of crypto assets through Coinbase in July, but non-U.S. clients are current
Mt. Gox Creditors Face Multiple Brute-Force Login Attempts
Mt. Gox creditors are reporting numerous unauthorized login attempts on their accounts, with the claims website currently down for maintenance.
Polygon (MATIC) Set For Major Upgrade And Migration To POL Token On September 4
Polygon (MATIC) is undergoing significant upgrades, including a token transition to POL by September 2024, as part of its 2.0 roadmap to enhance its Z
Indian Crypto Exchange WazirX Hit By $230M Hack
WazirX, a major Indian crypto exchange, suffered a security breach where over $230 million in crypto assets were unauthorizedly transferred from its m