Armenia Will Ban Cash For Online Gaming

Armenia's government is working on banning cash payments for online gambling, as operators will only be only able to accept cards that are issued by nationally-licenced banks.

The government is making the move in an effort to protect gamblers from addiction, and has been coming for the past year-and-a-half. The order had to be reviewed, as it concerned modifying financial regulations, and the country's Central Bank and Finance Committee gave their approval earlier this year.

The move is the latest change to the gambling industry from Armenia's government, which recently increased taxes for all types of betting. The government cited increased turnover from customers.

The cash ban is being worked in now, but it's uncertain when it'll be implemented fully.

No comment from anyone in the Armenian government was available at press time.