Anjouan Becomes a Hub for the Global Online Gambling Industry
The small island of Anjouan in the Indian Ocean has become a center for online gambling sites due to low taxes and minimal bureaucracy, though reports indicate that the licenses issued have no legal validity.
Anjouan, a small island in the Indian Ocean, has become an unexpected hub for the global online gambling industry thanks to the absence of corporate taxes and minimal bureaucracy.
According to information reported by Australia-based ABC News, Anjouan is home to a thriving industry that hosts not only gambling sites linked to the black market but also banks, brokers, and cryptocurrency exchanges among its virtual residents. However, there is a significant issue behind the advantages the island offers, as it is stated that none of the financial or gambling licenses hold any more value than the virtual paper they are written on.
Despite questions regarding the legal validity of the licenses, the industry continues to attract operators and gamblers from all over the world, including Britain, into the island's expanding sphere of influence.
Sources
- theweek.com · Link