The evolving Philippine online casino industry comes with new regulatory challenges. The main role is taken by the way players do their transactions. This article examines the two main payment systems involved - GCash and cryptocurrencies. Find out how they are compared under the latest BSP framework and what Filipino players should know about them.
Latest Regulatory Developments
In August this year, the BSP (Bangko Sentral ng Pilipinas) issued a directive requiring all supervised financial institutions to remove in-app links and icons redirecting users to gambling sites within 48 hours. This change has affected numerous platforms, including many online casinos using GCash on Online-Gambling.com
and similar review sites. GCash officially suspended gaming access via GLife at 8:00 p.m. ...
