Aussie Cracks Down on Online Betting with Credit Card, Crypto Ban
Australia bans credit cards and crypto for online bets to fight gambling addiction. This nationwide crackdown aims to protect people from financial woes by stopping them from wagering with borrowed money or risky assets. The ban mirrors existing rules for in-person gambling. Responsible gambling advocates cheer, but industry fears a drop in business. While all online betting is affected, the exemption for online lotteries raises eyebrows. The government promises to monitor the impact and may take further action. This move signals Australia's commitment to safer online gambling.
