Payments NEWS

Australia bans credit cards, cryptocurrencies for online gambling to combat financial risks?

Australians are now prohibited from using credit cards and digital currencies for online betting, a move by the government aimed at preventing individuals from gambling with money they do not possess. The new restrictions encompass credit cards linked to digital wallets, cryptocurrencies such as Bitcoin, and other emerging forms of credit. This regulation aligns online betting rules with those for land-based gambling, although online lotteries remain unaffected and still permit credit card payments.

SiGMA Asia 2024: Philippine gaming leaders discuss tax cuts, market growth, and regulatory opportunities

Explore tax shifts affecting gambling winners in the Philippines. Insights from industry experts at SiGMA Asia 2024.

EU finalises new AML rules, easing compliance for operators

The European Council has approved the EU’s new AML package, easing compliance for operators. The EGBA has welcomed the new AML rules.

Spelinspektionen backs credit gambling ban, seeks clarity

The Swedish Gambling Authority supports a credit gambling ban, requests clear impact analysis on charitable lotteries, and seeks precise scope definition.

CryptoGames Casino enhances user experience with Polygon integration

CryptoGames, a prominent online cryptocurrency casino, has recently integrated Polygon (MATIC) into its platform. This strategic move is designed to significantly enhance the user experience by leveraging Polygon’s advanced blockchain technology, which offers faster transactions and reduced costs. Polygon (MATIC): A Game-Changer for CryptoGames

Significant development in unravelling the ZKasino crypto scam

Dutch authorities have apprehended a suspect linked to the ZKasino scam. The arrest was made on April 29, with the suspect, a 26-year-old man, facing charges of fraud, embezzlement, and money laundering.

Tailoring payment solutions for LatAm: Insights from Defexa

SiGMA News sat down with Defexa CBDO Olga Lutz to discuss payment solutions for the LatAm market. Can you give us a brief introduction about Defexa? Defexa provides various payment solutions in B2B and B2C areas.  Our brand belongs to a Canada-registered company with an MSB license. Defexa has an international team working from different…

New EU legislation prohibits unidentified cryptocurrency transactions

In a decisive move to combat money laundering, the European Union has enacted robust new laws that focus on the anonymity of both cash and cryptocurrency transactions. These laws aim to eliminate the loopholes that have historically enabled illicit financial activities by imposing restrictions on cash transactions. The legislation sets a limit on cash payments, forbidding any transaction over €10,000 and effectively making anonymous cash transactions above €3,000 illegal.

Satchel’s global expansion and future prospects: Interview with Sigita Cize

During the recent ICE London event, SiGMA News spoke to Sigita Cize, Head of Sales at Satchel, providing an insightful glimpse into the company’s operations and future outlook. Satchel: Leading the charge in financial solutions Sigita Cize provided an overview of Satchel as an electronic money institution, operating successfully since 2018 under the licensing of…

Damex acquisition of Blackfridge boosts Isle of Man’s iGaming sector

The recent acquisition of Blackfridge EX by the Damex Group, a Gibraltar-based crypto payments services provider, marks a significant strategic investment in the Isle of Man’s financial services sector. This move is particularly noteworthy as it enables Damex to extend its services to the jurisdiction’s expanding iGaming sector.