How does money laundering pose a threat to the Indian online gaming sector according to DIF report

1. Money laundering in the Indian online gaming sector poses a threat by enabling individuals to convert illicit funds into legitimate assets. 2. This practice could lead to an influx of black money and exacerbate issues related to fraud, corruption, and organized crime within the industry. 3. As online gaming transactions often involve significant amounts of money, they offer a convenient avenue for money launderers to hide and move their ill-gotten gains. 4. The anonymity and speed of online transactions make it challenging for authorities to detect and prevent money laundering activities in the gaming sector. 5. Failure to address these money laundering risks could damage the reputation of the Indian online gaming industry and undermine its credibility among stakeholders.