Argentina has introduced a bill to Congress aimed at curbing gambling addiction and regulating online betting, which includes criminalizing support for unlicensed gambling platforms. The proposed legislation, submitted by the Ministry of Health, targets banks, fintech firms, cryptocurrency exchanges, and wallet providers, prohibiting them from facilitating transactions for unauthorized gambling operations within the country.
The bill seeks to amend the criminal code to impose prison sentences ranging from two to four years for individuals or companies providing financial, technical, or digital asset services to illegal gambling platforms. It mandates stricter due diligence, transaction monitoring, and KYC policies for exchanges and crypto asset providers. Additionally, the Central Bank of Argentina, along with other national regulatory bodies, will enhance coordination to block technical access and financial flows to these platforms.
Argentina Proposes Jail Terms for Supporting Unlicensed Gambling Platforms
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