Australia bans credit card use for online gambling, with a six-month transition period and fines for non-compliance.

Australia has banned the use of credit cards for online wagering, including those linked to digital wallets and cryptocurrencies. The six-month transition period allowed industry preparation for the ban, which took effect today. The ban complements other gambling restrictions and is aimed at protecting vulnerable Australians. Companies that fail to enforce the ban face fines of up to $234,750.