Australia is prohibiting the use of credit cards and cryptocurrencies for online gambling, a major move to safeguard its citizens from financial harm. In fact, on June 11, the government had already enacted these new restrictions, which carry significant fines for noncompliance. The new regulations impose fines of up to 234,750 Australian dollars, or around $155,000, on any betting operator that permits customers to gamble online using credit cards or digital currencies. That encompasses credit cards that are connected to electronic wallets, cryptocurrencies such as Bitcoin, and other credit products that have only recently emerged. These newly adopted online betting… Read More
