Eastern Europe

Belarus finalises financial pre-conditions for online casinos

Published

6 years ago

March 11, 2019

Niji Narayan

Belarus finalises financial pre-conditions for online casinos

Photo Source: rent2go.by

Reading Time: < 1 minute

Belarus has finalised the requirements for the financial sufficiency for starting online casinos in the country. According to the press service of the Council of Ministers, in accordance with Government Decree No. 139, from 1 April 2019, an online casino operator registered in Belarus must have 90 thousand basic values in the special account in the Belarusian bank (which amounts to 2.3 million BYR or more than $ 1 million in equivalent).

Requirements for online bookmakers are more friendly, betting operators should confirm they have a bank account with 20 thousand basic values (510 thousand BYR, or more than $ 235 thousand in equivalent).

In accordance with the document, a special account is a guaranteed fund intended for the timely transfer of winnings and taxes by the gambling operator.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.