RMG Startups In A Fix, Grant Thornton To Audit BluSmart & More

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Can PMLA Rein In The RMG Gold Rush?

Already tangled in the Centre’s web of 28% GST, India’s online gaming ecosystem is bracing for yet another storm as the government is looking to bring real money gaming (RMG) startups under the ambit of the often-feared Prevention of Money Laundering Act (PMLA).

Taking Control Of The RMG Mess: With only a few regulations controlling the RMG space, the Centre wants to increase the oversight on the volume of money flowing in and out of RMG platforms. Under…



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RMG Startups In A Fix, Grant Thornton To Audit BluSmart & More


Can PMLA Rein In The RMG Gold Rush?

Already tangled in the Centre’s web of 28% GST, India’s online gaming ecosystem is bracing for yet another storm as the government is looking to bring real money gaming (RMG) startups under the ambit of the often-feared Prevention of Money Laundering Act (PMLA).

Taking Control Of The RMG Mess: With only a few regulations controlling the RMG space, the Centre wants to increase the oversight on the volume of money flowing in and out of RMG platforms. Under…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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