New Rules for the Gambling Business in Belarus
On June 6th, Decree No. 226 "On Gambling Business Activities" was signed, which will comprehensively regulate the activities of gambling organizers.
Main Innovations of the Decree:
- Registration of participants is allowed only with a personal visit to the gambling establishment or through a video session over the Internet.
- The period for storing video recordings from surveillance cameras in gambling establishments has been extended from 30 to 60 days.
- Gaming machines that have been in use for more than 10 years may continue to be used, provided that their compliance with registered models is confirmed.
- Player restrictions:
- It is prohibited to have more than one account;
- It is prohibited to participate in a game at the instruction of third parties.
- Cryptocurrency betting and payouts are allowed only through High-Tech Park residents (cryptocurrency platform operators or exchangers) by selling cryptocurrency for fiat and then depositing these funds into the same client's account registered with the gambling organizer.
- Gambling organizers are prohibited from providing electronic cards, money, or other means of payment if visitors do not have the required amount.
- Banks and financial institutions are prohibited from transferring funds from individuals to foreign gambling organizers.
- A mechanism has been established to identify the ownership of funds by individuals for their participation in gambling activities.
A more detailed analysis of the innovations of the Decree will be available soon.
Author: Gleb Yakushev
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