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Belarus improves anti money laundering measures for gambling

Andriey BELARUS 14 November 2018 No comment

Tax and Duties Ministry of the Republic of Belarus has submitted for public discussion a draft decree proposing to amend gambling law. The document is aimed at improving the internal control system in gambling establishments to prevent the intentional or unwitting involvement of gambling operators in the process of money laundering, terrorist financing and the […]

A new lottery launched in Belarus

The decree of the Ministry of Sport and Tourism published on the National Legal Internet Portal informs about a new instant lottery to be launched in Belarus. According to Belarusian Telegraph Agency, the lottery is called Eurogame. The lottery will be issued in series, the prize fund will be at least 45% and not more […]

Belarus requires $ 1 million security deposit for online gambling operators

Andriey BELARUS 12 October 2018 No comment

When opening an online gambling website, the organizer must ensure that, regardless of financial circumstances, it will be able to pay the winnings, taxes, fees and duties, penalties and other payments, which, according to the law, are mandatory. Thus, every online gambling company will be obliged to open a special account in a bank, which […]

Experts to discuss Blockchain & Bitcoin issues in Minsk

Andriey BELARUS 8 October 2018 No comment

On October 10, Minsk will host the Blockchain & Bitcoin Conference Belarus conference, organized by the international company Smile-Expo. Decree No. 8 “On the Development of the Digital Economy” will be the main topic of discussion at the event. Decree No. 8 “On the development of the digital economy” was signed by the head of […]

Gambling business is booming in Vitebsk, Belarus

Andriey BELARUS 4 October 2018 No comment

According to the regional tax office gambling business of Vitebsk region in Belarus generated 50 million rubles of revenue (about 20 million EURO). It is reported that the number of gambling locations in the region has increased by half. As a result, budget revenues increased by more than 337 thousand rubles, or by 21%. There […]

Nikita Bodyakovskiy from Belarus wins another poker tournament

Andriey BELARUS POKER 29 August 2018 No comment

Nikita Bodiakovskiy is 26-year-old poker player from Belarus and this week he has won another poker tournament in Barcelona. Thus, just in summer 2018 he has earned about $ 7 million. Nikita has won the prestigious Triton Super High Roller which was held in South Korea in July. With the buy-in of 250 thousand dollars […]

Belarus toughens rules for online bookmakers

Andriey BELARUS 27 August 2018 No comment

Requirement for online bookmakers will get stricter. According to Vladimir Mukvich, Deputy Minister for Taxes and Duties of Belarus, the changes will come into force in August 2019. In particular, bookmakers will no longer be able to operate without an appropriate online license. Thus, the leading betting companies have one year to go through the […]

Amount of taxes paid by gamblers in Belarus announced

Andriey BELARUS 22 August 2018 No comment

In 2017 the budget of Belarus received 33.3 million rubles (14 million EURO) as income tax from casino winnings. This was announced at the press conference by Larisa Shibko, the head of the main control department for the sale of goods and services of the Ministry of Taxes and Duties. “Income tax on winnings is […]

Illegal online gambling websites to be blocked by 2021 in Belarus

Andriey BELARUS 14 August 2018 No comment

Belarus plans to restrict access to illegal online casinos in 2021. This information was reported by Marina Nevinskaya, the head of the department of gambling business of the Ministry of Taxes and Duties in her commentary on the innovations of Decree No. 305 “On improving the legal regulation of gambling business.” Ms. Nevinskaya said that […]

Online Casinos Officially Legalized in Belarus

Andriey BELARUS 8 August 2018 No comment

President of Belarus Alexander Lukashenko has signed a decree which legalizes online casinos. This information is reported by the agency “BelTA” with a reference to the press service of the head of state. The decree legalizes gambling in the Internet and provides special licensing and taxation rules for operators of online casinos: online gambling operations