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Centre To Establish A Regulatory Framework To Oversee Online Gaming

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Centre To Establish A Regulatory Framework To Oversee Online Gaming

The Indian government is planning to establish a regulatory framework for the online gaming industry. Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar, expressed positivity about the sector and mentioned the need for distinguishable regulatory norms. He stated that the regulatory framework would aim to ensure safe and permissible online gaming, separate from betting and money laundering. The government wants the self-regulatory body to be independent from both the government and the industry. This move comes amidst increased scrutiny and challenges faced by the online gaming sector, including tax evasion notices and layoffs. Chandrasekhar also emphasized the importance of startups complying with local laws, regardless of their size or success.

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