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Beginning from next April 1, Belarus will open the licensing process for iGaming operators. This was told by Deputy Tax and Duties Minister Vladimir Mukvich.
He admitted that such virtual institutions come into force from from 1 April 2019, when the basic norms of the decree come into force. Taking into account the world experience, the ministry assumes that there will be few of them.
The decree would set strict conditions for iGaming companies, in order to protect the population. One such requirement is the development of a so-called pledge fund, which, in the event of financial insolvency, will secure settlements with players and the budget. Such practices are world experience, said Vladimir Mukvich. The size of the fund has not yet been determined, but the decision on it will be made before the decree comes into force.
