The On-line Gaming Invoice, permitted by the Union Cupboard on Tuesday, prohibits promoting or endorsements of platforms facilitating on-line video games that contain financial transactions.
Key Highlights of the On-line Gaming Invoice:
– Invoice goals to declare providing on-line cash gaming providers as an offence
– Endorsements for platforms to even be declared an offence
– Any switch of funds by financial institution, monetary establishment or every other particular person in the direction of cost for any on-line cash video games to be declared an offence
– Invoice lays down punishments and fines for the offences and enhanced punishments for repeat offences
– Supplies for blocking of any info associated to on-line cash video games, investigation of offence, energy to look and seizure of property
Penalties for offences:
– Any particular person providing on-line cash gaming service may face 3 years in jail, Rs 1 crore effective
– Any particular person concerned in advertisements may face two years in jail, Rs 50 lakh effective
– Any particular person concerned in transactions/transferring funds associated to on-line gaming may face 3 years in jail, Rs 1 crore effective
(It is a creating story)