Eastern European country of Belarus is going through some radical changes regarding moving forward towards legalising online gambling.
Namely, the country is set to legalise online casino services since President Alexander Lukashenko has signed a Corresponding Decree No. 305 this Tuesday, Belarus news outlet BeITA has reported.
Under the new law, online providers will be allowed to launch legal online casinos. However, there will be some conditions.
Only the operators that deposit funds to a designated account will be issued a licence. The funds will be used to cover any winnings or tax payments in case the venture fails. The landlocked country’s tax authorities will have remote access to the site and all casinos ought to be connected to a special payment system for the monitoring of money flow. The tax rate is expected to stay the same.
The country is set to follow the rules of responsible gambling, so only customers of at least the legal age of 21. The former rule dictated the legal age to be 18, by the country is taking stricter measures. The age of 21 will apply to all casinos, be they online or land-based. What’s more, whenever visiting an online casino, clients will have to undergo an identity check.
Monitoring is the priority.
All casinos will have to have installed surveillance systems before the law is passed, and punters will not be permitted to lend money to other players to gamble.
The main cause of the new legislation is to restrain players from accessing online gambling sites internationally. The time frame of the legislation to go live has not been given yet.