RMG Startups In A Fix, Grant Thornton To Audit BluSmart & More

Can PMLA Rein In The RMG Gold Rush?

Already tangled in the Centre’s web of 28% GST, India’s online gaming ecosystem is bracing for yet another storm as the government is looking to bring real money gaming (RMG) startups under the ambit of the often-feared Prevention of Money Laundering Act (PMLA).

Taking Control Of The RMG Mess: With only a few regulations controlling the RMG space, the Centre wants to increase the oversight on the volume of money flowing in and out of RMG platforms. Under…