The law" On banning payment transactions in online casinos" will come into force in Russia

Effective May 26, 2018. certain provisions of Federal Law No. 358-FZ dated November 27, 2017 "On Amending the Federal Law 'On Lotteries' and the Federal Law 'On State Regulation of Organization and Conduct of Gambling Activities and on Amending Certain Legislative Acts of the Russian Federation', which prohibits banks and payment systems from transferring funds between individuals and illegal gambling sites, come into force.

The Federal Tax Service (FTS) will be responsible for maintaining the register. It will also bring its contents to the attention of banks and payment agents.

In other words, the state will create a register of illegal bookmakers and online casino operators, who will be included there on the basis of a decision by a state executive body authorized by the Russian Government - without a court decision. And credit and payment organizations will be prohibited from servicing transactions in favor of operators from the register.

It turns out that a player from Russia who does not know how to circumvent this law will not be able to make a deposit or withdraw his winnings. But in reality it is not quite like that.

Many experts are sure that these bans will not work. For example, it is difficult to restrict such payments through the international payment systems Visa and MasterCard, as transactions are carried out automatically using MCC codes 7995 and 9754. And since most bookmakers and online casinos that are banned in Russia have official licenses from foreign jurisdictions, they operate within the legal framework for these payment systems.

In addition, many companies have started to develop solutions to circumvent bans. For example, Slotegrator already offers its Moneygrator product. It is a multi-currency system with many payment options for fast transactions in online casinos.

We also advise you to withdraw no more than 100 000 rubles to bank cards, in case they are blocked.

Source : https://slotegrator.com/