Singapore's Parliament passed an amendment to the Casino Management Act, which aims to further improve the effectiveness of the country's casino regulatory system and its protection of vulnerable groups.
The amendment makes some major changes to Singapore's casino regulatory framework. The government will give the Casino Regulatory Authority (GRA) more powers to regulate more forms of gambling activities in casinos, including betting and lotteries. This will prevent the regulatory system from becoming outdated due to new products that casino operators may launch.
In addition, the amendment covers digital currencies. First, cryptocurrencies will not be licensed by the GRA for use as casino chips, and the main reason for this ban is the risk of money laundering. (Bitcoinist)