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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.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Belarus finalises financial pre-conditions for online casinos
