The Philippines must stay vigilant against dirty money risks associated with cryptocurrency and online gambling, Moody’s warned.
The post Philippines urged to monitor crypto and gambling risks first appeared on Asia Gaming News | AGB – Asia Gaming Brief.
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PAGCOR is a 100 percent government-owned and controlled corporation under the Office of the President of the Republic of the Philippines.
The state-owned gaming firm was created during the Martial Law years by virtue of a Presidential Decree (PD) 1067-A issued by then President Ferdinand Marcos in response to calls for the Philippine government to put a stop to the growing proliferation of illegal casino operations in various parts of the country.
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Crypto trading is not gambling by definition, therefore it is not covered by our gaming license.
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