RMG Ecosystem Stares At Oblivion As Govt Mulls Total Ban

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The proposed rules also ban all advertisements, or production thereof, involving money-based online gaming platforms

The draft rules bar banks, financial institutions and “individuals” from facilitating any transactions related to online money-based gaming platforms

Sources said that operating a money-based online gaming platform could attract a jail term of up to three years or a fine of INR 1 Cr or both

The homegrown real money online gaming ecosystem is staring at a…



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RMG Ecosystem Stares At Oblivion As Govt Mulls Total Ban


SUMMARY

The proposed rules also ban all advertisements, or production thereof, involving money-based online gaming platforms

The draft rules bar banks, financial institutions and “individuals” from facilitating any transactions related to online money-based gaming platforms

Sources said that operating a money-based online gaming platform could attract a jail term of up to three years or a fine of INR 1 Cr or both

The homegrown real money online gaming ecosystem is staring at a…



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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