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Iranian Government Proposes for New Cryptocurrency Mining Regulations

 The HALLO ECHO
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  The Cabinet of Iran has proposed for new cryptocurrency mining regulations in Iran, which include annual licensing for cryptocurrency miners. Based on the proposal, licensed and registered cryptocurrency miners will be required to submit information such as their list of business activities, the predicted value of their investments, current employment status, rental agreements for…

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Taiwan to Amend Existing Regulations to Criminalise Online Gambling

 The HALLO ECHO
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  Taiwan government is planning to amend its existing regulations to criminalise online gambling. The government says that online gambling is behind many “social and family problems” in the country. The ministry announced that the amendment to Articles 266 and 270 of Taiwan’s Criminal Code will “add criminal liability for gambling with the use of…

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State Council of Greece Cancels Online Sports Betting Licence of OPAP

 The HALLO ECHO
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  The State Council of Greece has cancelled the online sports betting licence of OPAP. OPAP obtained its licence from the Hellenic Gaming Commission in 2014. The decision comes after Austrian company GLB GmbH appealed the decision from the gambling commission. It argued that OPAP was never licenced to offer online gambling services and that…

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Nepal Government Introduces New Casino Rules

 The HALLO ECHO
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  The Government of Nepal has introduced a set of new rules relating to sharing of information about gamblers, management of assets and monitoring for suspicious activities. As per the new rules, operators of brick-and-mortar casinos are required to maintain a record of visitors and players at the properties. Gambling venues should also deny access…

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ASA Bans the Adverts of BetIndex and Coral

 The HALLO ECHO
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  Advertising Standards Authority (ASA) has banned the adverts from BetIndex and Coral for being socially irresponsible and encouraging potentially harmful behaviour. A BetIndex video on YouTube featured a representative of The Football Index product describing it as “basically the football stock market, where you buy and sell shares in footballers with real money and…

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MONEYVAL Criticises Malta for Failing to Act Against Financial Crimes

 The HALLO ECHO
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  Anti-money laundering body, MONEYVAL has sharply criticised Malta for inadequately tackling financial crimes, in a report highlighting the risks of banking and online gambling sectors. The report is a setback for the island that has sought to repair its reputation following the murder of a journalist investigating corruption. Moneyval said that the Maltese police…

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