The Bangko Sentral ng Pilipinas (BSP) has instructed digital wallet platforms to take down in-app links leading to online gambling platforms, granting them 48 hours to comply. Deputy Governor Mamerto Tangonan confirmed the order during a Senate hearing on illegal gambling, explaining that BSP-supervised financial institutions (BSFIs) had been given two days to erase the links from mobile applications and websites. According to Tangonan, the grace period was meant to allow operators to make the technical changes and give users a chance to withdraw any funds still stored in gambling accounts before access through e-wallets was cut off. “We provided 48 hours to give time to BSFIs to take down those in-app links or icons to online gambling sites. The other reason is to give consumers time to withdraw their funds from the online gaming accounts (before access is cut off from e-wallet apps),” he said. Senators Question Timing and…Â Read More
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Source: Casino News Daily
