Hello! In December 2023, Brazil approved a law to regulate sports betting and iGaming, set to launch in January 2025. A significant part of the regulation is the prohibition of payments via cryptocurrency, cash, and credit cards. Our CEO, Dmitry Starostenkov, sees the ban as a way to foster safer competition, although it might push players to offshore sites. Balancing market growth with security is crucial for Brazil's iGaming future. Read more about this in the article on iGaming Business. Key points: - Final regulations reveal ban on cash and cryptocurrency
- Crypto already a dominant payment method in Brazil
- The pros and cons of a crypto ban
- Cash ban will impact both operators and unbanked Brazilians
- Will crypto bans be a rising trend?
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