Breaking: E-Wallets Face Sudden Ban from Gambling! — E-wallet regulations in 2025, online gambling ban Philippines, BSP Senate hearing updates
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JUST IN: E-wallets are ordered to unlink from online gambling platforms within the next 48 hours, the BSP says.
The order was announced in a Senate hearing deliberating measures to regulate/ban online gambling in the country. | via @JPMangaluz pic.twitter.com/OgUfnMPoO7
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— Philstar.com (@PhilstarNews) August 14, 2025
E-wallets Ordered to Unlink from Online Gambling Platforms
In a significant move impacting the online gambling landscape in the Philippines, the Bangko Sentral ng Pilipinas (BSP) has ordered e-wallets to unlink from online gambling platforms within the next 48 hours. This decision emerged during a Senate hearing that discussed measures to regulate or potentially ban online gambling in the country. The announcement reflects growing concerns over the implications of online gambling on both the economy and societal welfare.
The directive to e-wallet providers comes as a response to intensified scrutiny of the online gambling industry, which has seen rapid growth and some associated risks. The BSP’s decision aims to tighten regulations and ensure that financial services do not facilitate gambling activities, which can lead to addiction and other social issues.
During the Senate hearing, various stakeholders voiced their opinions on the implications of online gambling, including its economic benefits and potential harm. With e-wallets now required to sever ties with online gambling sites, many are questioning how this will affect both the operators and users who rely on these platforms for transactions.
As consumers, it’s crucial to stay informed about these changes and understand how they may impact our online activities. If you frequently use e-wallets for online transactions, be prepared for the upcoming adjustments and consider exploring alternative payment methods for any gambling-related activities.
For more information on the BSP’s order and its implications, check out the original article by Philstar News here. Keeping abreast of such developments is essential, as regulations around online gambling continue to evolve in response to societal needs.