Real Money Gaming and Betting in Foreign Currencies: Points to be Noted

Read the article “Real Money Gaming and Betting in Foreign Currencies: Points to be Noted” authored by our Associate Partner, Ambuj Sonal published on Mondaq.

“During the past three months, several media houses reported that almost one thousand notices have been issued by the Enforcement Directorate (“ED”) to individuals for using international credit and debit cards to bet on football league matches, remitting funds for real money gaming to overseas platforms in foreign currencies and not surrendering the pre-loaded forex cards which are often used during tours abroad.”

Read the full article here.