Online gaming yes, money laundering no
Online gaming (file photo) - THE HINDU
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Surging growth in online gaming sector has raised money-laundering risks and hence monitoring in-game transactions becomes important
Investors are placing large bets on indigenous online gaming companies propelling such companies to new heights, and recently encouraging one such company to even test itself on the floor of the stock market. The online gaming industry in India has witnessed a massive upswing in its growth trajectory, both in terms of users and significant venture capital investments. World over, the recent booming growth in the online gaming sector has attracted a surge of nefarious activities and it is in this context that assessment of the money-laundering risks through gaming platforms takes centre stage.
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