Posted inGaming, Government

AMLC urges banks to monitor play-to-earn game transactions more diligently

Electronic money institutions and banks should scrutinize more closely transactions involving cryptocurrencies from play-to-earn video games, according to the Anti-Money Laundering Council (AMLC). In a Viber message shared by BusinessWorld, AMLC Executive Director Mel Georgie B. Racela said that these firms should “conduct customer due diligence,” and file suspicious transaction reports should they suspect any […]