Punishment For Illegal Gembling Activities Online In Russia Tightened

In the legislation of the russian federation, new amendments are registered concerning gambling activities outside the territory of licensed casino. Due to the fact that gambling online activities have been prohibited since 2006, the violator of the law can now be fined in the amount of up to 1.5 million rubles or lose freedom to six years.

For five years, online casinos are prosecuted by law. In 2018, a requirement forbidding translations in favor of the organizers was established. According to him, banking offices do not have the right to carry out cross-border transfers to recipients in the person of unlicensed bookmakers, casino or the organizers of the lottery. But even despite the countermeasure measures established at the legislative level, there are many online sites that continue to work in russia. The average turnover of the shadow online gambling market analytics is estimated at $ 3 billion.

The expert on digital economy gd of russia nikita kulikov clarifies that the violator is an online casino, which is ultimately blocked. When a person replenishes a digital wallet, he is not a violator of the law. Many online casinos are recorded in areas where gambling is allowed. Most of these companies work according to the laws of the country in which they received registration.

Recall, the economy of the philippines will remain stable even after the ban on online games.