Live Breaking News & Updates on Sfis Can Only Deal With Gambling Or Online Gaming Businesses That Are Allowed By The Government Bsp Also Directed Bsfis To Inform Their Clients Who Still Have Remaining Funds In Theire Sabong Accounts Transfer Them Back Wallets Within 30 Days From Issuance Of Memorandum

(File photo) MANILA - The Senate has managed to help stop online cockfighting (e-sabong) without legislation and save more Filipinos from being addicted to it. Senator Francis Tolentino said they agree with Malacanang's view that widespread betting is an erosion of Filipino values while thanking the Bangko Sentral ng Pilipinas (BSP) for a Memorandum Circular that ordered all BSP-Supervised Financial Institutions (BSFIs) to remove e-sabong features in e-wallets, such as GCash and PayMaya. Tolentino said even if operators or bettors go underground, they cannot bet through Gcash and Paymaya anymore. "Ang ibig sabihin po nito, matitigil na totally ang e-sabong at kagaya po ng minumungkahi ko, ay ang dapat magpatuloy ay yung tradisyunal na sabong na lang na tuwing Sabado at Linggo lang, at hindi po 24/7 (This means that e-sabong will totally stop and like I suggested, only the traditional sabong should continue every Saturday and Sunday, and not 24/7)," Tolentino said in an in ....

Ferdinand Bongbong Marcos Jr , Rodrigo Duterte , Bangko Sentral , Francis Tolentino , Memorandum Circular , Supervised Financial Institutions , President Rodrigo Duterte , Ile Photo Manila The Senate Has Managed To Help Stop Online Cockfightinge Sabong Without Legislation And Save More Filipinos From Being Addicted It Senator Francis Tolentino Said They Agree With Malacanang 39s View That Widespread Betting Is An Erosion Of Filipino Values While Thanking Bangko Sentral Ng Pilipinas Bsp Fora Memorandum Circular Ordered All Supervised Financial Institutions Bsfis Removee Features Ine Wallets , Uch As Gcash And Paymaya Tolentino Said Even If Operators Or Bettors Go Underground , Hey Cannot Bet Through Gcash And Paymaya Anymore Quot Ang Ibig Sabihin Po Nito , Atitigil Na Totally Ange Sabong At Kagaya Po Ng Minumungkahi Ko , Y Ang Dapat Magpatuloy Ay Yung Tradisyunal Na Sabong Lang Tuwing Sabado At Linggo , T Hindi Po 24 7 This Means Thate Sabong Will Totally Stop And Likei Suggested , Nly The Traditional Sabong Should Continue Every Saturday And Sunday , Nd Not 24 7 , Uot Tolentino Said In An Interview Over Radio Station Dzrh On Saturday His Letter To Bsp Dated May 6 , Olentino Suggested Removing Alle Sabong Features From Electronic Money Issuer Platforms As An Adherence To The May 3 Announcement Of President Rodrigo Duterte Stope Operations Nationwide Quot In So Doing , His Would Completely Cut The Supply Link Betweene Sabong Operators And Bettors For Protection Of Public From This Social Ill , Uot He Wrote Under Memorandum Circular 2022 026 Released Friday , Sfis Can Only Deal With Gambling Or Online Gaming Businesses That Are Allowed By The Government Bsp Also Directed Bsfis To Inform Their Clients Who Still Have Remaining Funds In Theire Sabong Accounts Transfer Them Back Wallets Within 30 Days From Issuance Of Memorandum , Fter Which Links To Alle Sabong Accounts Ande Wallets , Ncludinge Sabong Merchant Operator Accounts , Ill Be Disabled Tolentino Reiterateda Statement Of Incoming President Ferdinand Quot Bongbong Marcos Jr That Family Values Come First Beforee Sabong Magka Ugnay Ang Aming Layunin Dito Nai Promote Muna Natin , Sulong Natin 39 Yung Likas Na Karakter Ng Pilipino Dapat Maging Masipag Hindi Ka Umasa Lang Sa Sugal , A Dapat Mag Sarili Kang Sikap Para Umunlad Ka Our Purpose Here Is Connected , Hich Is To Promote And Advance The Natural Character Of Filipino We Should Work Hard Not Depend On Gambling Strive Our Own Prosper ,