Bangladesh Bank Bans Play Money and Fake Money Games on Digital Financial Platforms
Bangladesh Bank has issued a directive prohibiting all digital financial service providers from offering play money or fake money games via their platforms. This regulatory decision was formalized through a circular issued on August 21, 2023. The central bank's notice highlights concerns regarding unauthorized and uncategorized digital games which potentially facilitate gambling activities. The ban reflects the regulator's efforts to clamp down on illegal financial operations and protect consumers using digital financial services in Bangladesh. Affected providers are required to comply immediately and remove any such offerings from their systems. This move aligns with broader regulatory scrutiny over gambling-related services operating through mobile and electronic financial infrastructures within the country.