Argentina Bill Targets Crypto Payments for Online Betting
Cointelegraph
The Argentine government has proposed a bill to restrict banks and crypto providers from processing payments for unauthorized online gambling platforms.Summary
The Argentine government has introduced a bill to the Congress aimed at preventing gambling addiction by restricting financial access to unauthorized online betting platforms. The legislation prohibits banks, payment service providers, and virtual asset service providers from facilitating transactions with unlicensed gambling operators. By extending compliance obligations to crypto intermediaries, the bill intends to disrupt the flow of funds to offshore betting sites that rely on digital assets, building on previous local efforts to regulate prediction markets like Polymarket.
(Source：Cointelegraph)