Philippine Central Bank orders e-wallets to remove links to online gambling platforms<\/a>\n\t\t\t\t<\/p>\n<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"The Bangko Sentral ng Pilipinas (BSP) has banned e-wallets from linking to online gaming platforms.<\/p>\n","protected":false},"author":226,"featured_media":777028000,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Bangko Sentral ng Pilipinas (BSP) has banned e-wallets from linking to online gaming platforms, leading to a reported 50% reduction in online gambling transactions according to PAGCOR. This regulatory action, aimed at controlling e-payment platforms, raises concerns among industry groups like the PlaySafe Alliance regarding the potential for players to migrate to unregulated, illegal offshore operators.","focusai_entities":"Bangko Sentral ng Pilipinas (BSP), Philippine Amusement and Gaming Corporation (PAGCOR), Alejandro Tengco, House of Representatives Committee on Appropriations, PlaySafe Alliance","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), affiliate_publisher (0.7), product_ux (0.7), tech_data (0.7), marketing_crm (0.7), payments_fraud_aml (1.0), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on GGR","query":"What is the projected long-term impact of the BSP's e-wallet ban on the regulated iGaming Gross Gaming Revenue (GGR) in the Philippines, considering the reported 50% transaction drop and potential migration to offshore platforms?"},{"label":"Regulatory Efficacy","query":"How will PAGCOR and BSP collaborate to enhance regulatory efficacy and enforcement against the 60% of illegal offshore operators, particularly in light of the e-wallet ban potentially driving more players to these unregulated entities?"}],"footnotes":""},"categories":[24628,156,16333],"tags":[24861,24755,405,24804],"class_list":["post-777030563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-highlight-of-the-week","category-regulation-news","category-south-east-asia-news","tag-ewallets","tag-online-betting","tag-pagcor","tag-the-philippines"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777030563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777030563"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777030563\/revisions"}],"predecessor-version":[{"id":777030609,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777030563\/revisions\/777030609"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777028000"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777030563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777030563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777030563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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