Singapore parliament passes casino law changes restricting cryptocurrency use
Singapore’s parliament passed amendments to the Casino Control Act, including a ban on using cryptocurrency as casino chips, according to the report. The changes give the Gambling Regulatory Authority broader oversight of betting and lotteries in casinos, while the National Council on Problem Gambling receives expanded powers over exclusion orders and visit limits. The report also says some offences may now carry prison terms as well as fines.
Casino operators must account for the reported cryptocurrency restriction and expanded regulatory oversight of casino betting and lotteries.