Gaming Apps Misused As Tools For Laundering, Terror Financing: Ashwini Vaishnaw

Union IT minister Ashwini Vaishnaw has reportedly said that online gaming platforms have, at times, been misused for laundering funds and terror financing

He also highlighted that a host of online money gaming operators functioning from offshore hubs bypass state-specific rules and skip tax obligations

The Union Cabinet approved online gaming bill which will impose a blanket ban on online games with a monetary component

Explaining the rationale behind the Centre’s…