Casino.org reports
Brazil’s Chamber of Deputies continues to work on legislation to shape the country’s gaming industry. Their latest measure includes a bill that would strive to prevent the use of credit and debit cards on unlicensed gambling websites.
The lower house of Brazil’s Congress is exploring Bill 1823/22, which would change the oversight of credit and debit cards. It seeks to force financial institutions that issue the cards to prevent transactions tied to illegal gambling and sites that promote child pornography.
The bill has to receive approval from the Senate as well. Should that happen, the Central Bank of Brazil will be responsible for implementing the regulatory framework the financial institutions will need to follow.
A Step Forward
The proposed legislation follows recommendations established by the Brazilian National Monetary Council. It goes a step further, however, and defines the who and how of those recommendations.
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Brazil Would Block Illegal Internet Gambling Sites Payments Under Bill
