Philippine Central Bank Tightens Online Gambling Financial Supervision: Plans to Implement Facial Recognition and Transaction Limits, Further Shrinking the Living Space for Online Gambling and POGOs

On August 7, the Central Bank of the Philippines (BSP) announced that it will initiate a series of new regulatory measures targeting online gambling transactions, aimed at strengthening financial institutions' control over the flow of gambling funds. These new regulations require banks, electronic w

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