Armenia may ban cash gambling

Armenia is looking to ban cash gambling, including using e-wallets.
Armenia is looking to ban cash gambling, including using e-wallets.

The Armenian parliament is debating a bill presented by the ruling bloc that would ban gambling with cash.

Armenia.- The Armenian parliament is debating a bill presented by the ruling Civil Contract bloc that would ban gambling with cash, including through payment terminals. The bill would also ban gambling using e-wallets, though this would come six months after its implementation.

Current regulations allow betting operators in Armenia to accept bets in three ways: in cash, in electronic money and through bank transfer.

Gevorg Papoyan MP, a co-author of the bill, told lawmakers that the proposed legislation formed part of the government’s effort to fight gambling addiction.

He said: “The main target of the bill is citizens who are socially vulnerable and have a gambling addiction, which worsens their social condition. If the law takes effect, the cash option will be banned. Six months later, the e-money option will also be banned, leaving only the bank transactions, meaning the non-cash payment option.

Papoyan suggested this would also help prevent minors from gambling since there are age restrictions on having a bank account.

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Italian ministers to consider fixed 1% betting tax

Back in 2020, Italy introduced a temporary 0.5 per cent tax on sports betting turnover designed to help boost the recovery of the country’s sports in the wake of Covid-19. Now undersecretary for sports Valentina Vezzali wants to bring in a permanent 1 per cent tax on revenue.

She’s gained the ear of Italy’s fiscal ministries and secured a meeting to examine her proposal with representatives from Italy’s treasury, the Customs and Monopolies Agency, ADM, which regulates gambling, the ministries of Economic Development, Labour Policy, Finance Commission and the Income Revenue Office.

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