Wednesday, December 14, 2022

Central bank warns of action against using mobile wallets for gambling purpose

After noticing suspicious transactions via electronic payments gateways during the ongoing world cup, the central bank today warned people not to take part in gambling activities via their mobile wallets. The central bank has also warned that it will freeze bank accounts and mobile wallets, if anyone is found gambling.

“Gambling and betting activities are illegal,” the central bank notice reads, informing the public not to participate in transactions of this nature. “If anyone is found involved in such activities, legal action will be taken against the concerned individual or group including the freezing of their bank accounts and mobile wallets.”

The central bank has also ordered licensed organisations to make arrangements to prevent the payment of gambling and betting-related illegal activities through bank accounts, mobile banking, mobile wallets.

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