🚨 India bans online money games – what it means for crypto
With the betting game ban in India, millions of players are now turning to offshore sites. And guess what powers most of these? 👉 Crypto payments.
This shift could:
🔹 Push more Indians into using crypto for gaming/betting offshore
🔹 Raise risks of money laundering & scams via unregulated wallets
🔹 Force regulators to keep a closer eye on crypto flows in India
At the same time, moves like Coinbase re-registering with FIU show that India may tighten rules but still keep space for legit crypto businesses.
⚡ Ban = less local gaming revenue, but more underground crypto activity.