India Today brings an exclusive news break on a government crackdown on cash transactions within the online gaming sector. The government has decided to ban all money-based gaming transactions under regulations and promotion of the Online Gaming Act. Sources have told India Today that under the bill, no bank or financial institution will be allowed to permit transfer of funds for online money gaming. The government will also prohibit advertising of real money gaming. The legislation proposes promoting e-sports and skill-based non-monetary online games. The bill is expected to be introduced in the Lok Sabha tomorrow. This move is anticipated to be a significant blow to the online gaming industry, which employs a large number of individuals. #onlinegaming #gamingban #cashtransactions #itwebvideos #governmentpolicy #digitalindia #gamingindustry #loksabha #esports #skillgames #financialregulations #indianews #breakingnews #onlinegamingact #moneygaming
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