In a recent development that has stirred the gaming industry, Openplay Technologies, a subsidiary of Nazara Technologies, secured interim relief from the Calcutta High Court regarding a substantial Goods and Services Tax (GST) demand. This case not only highlights the ongoing challenges faced by gaming companies but also raises questions about the regulatory landscape of online gaming in…
India is intensifying its efforts to regulate the online gaming sector by seeking oversight from the Financial Action Task Force (FATF). The move aims to incorporate online gaming companies into the Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) frameworks to mitigate the risks of financial crimes.
Government’s Objectives and Strategies
According to a report by The…
