19
Feb
Feb
- Adding definitions for terminology like “virtual digital asset” and “specified actionable claim“ is a noteworthy feature of this update.
- Furthermore, the Act substitutes the phrase “specified actionable claims” for the general word “lottery, betting, and gambling.”
- As per the newly inserted provision “online gaming” means:
- offering a game on the internet or an electronic network includes online money gaming in which players pay or deposit money or money’s worth, including virtual digital assets, in the expectation of winning money, including virtual digital assets, in any event including game, scheme, competition or any other activity or process whether or not its outcome or performance is based on skill, chance or both and whether the same is permissible or otherwise under any other law for the time being in force.