17 February 2025 – By Huseyin Yilmaz
100€ Bonus from Bet365 Casino!The Reserve Bank of South Africa is the central bank of the country and its Financial Surveillance Department functions mainly to implement, administer and monitor the provisions of the Exchange Control Regulations. Also the department collects, analyses and disseminates information relating to the exchange and control of cross-border foreign exchange.
The Financial Surveillance Department advised the Southern African banks that it is illegal for their credit card holders to buy foreign lottery tickets or gamble online using their credit and debit cards. The laws of South Africa prohibit residents from participating in lotteries organized abroad and the participation in any internet gambling activity such as online casinos and internet poker. Client accounts will be monitored for transactions involving online casinos or other internet gambling activities.
This ban will affect all South African clients of the major credit card companies such as American Express, Diners Club, Master Card and Visa. This fact will result in a decrease of the number of players from this country participating in internet lotteries, internet gambling and other similar activities that are in contravention of the laws.
