Singapore Crypto Ban: Casinos Block Crypto Use Amid Money Laundering Fears
coingape.com 11 September 2024 20:40, UTC
Singapore crypto ban has been implemented in the recent changes to the Casino Control Act. The new Act allows for cashless betting. However, it has banned the use of cryptocurrencies in casinos. The new regulations, which were announced on September 10, aim to mitigate the risks of money laundering associated with cryptocurrencies.