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The government’s policy and its regulations should be well known before enforcement happens, the policy said. If an agency intends to enforce its laws in new and innovative ways, it must first notify industry stakeholders of its intent to do so and the way in which existing law applies,” it said. Tanvi Ratna, CEO of Policy 4.0,
The person who spoke to Quartz , on the condition of anonymity, said that the issue “is about regulating the trade and we need to know where the money is coming from.” However, by allowing crypto assets as commodities, the country may be able to “better regulate trade … so that is being looked at,” the official said.
Supreme Court ruled in May that states may legalize sports betting — it was already allowed in Nevada — four other states have approved such wagering: Delaware, Mississippi, New Jersey and West Virginia. The state allows both online and offline sports betting, with regulation oversight provided by the West Virginia Lottery Commission.
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