In Russia, legislators are reportedly set to again consider legislation that would require banks and financial institutions to block people in the giant nation from making transactions on unapproved online gaming websites.
According to a report from news portal RBC.ru, the proposed measure, which is to be debated by lawmakers on Thursday, would see the nation’s Federal Task Service create a black-list of unauthorized websites before distributing this register to all local payment processors for the purposes of blocking transactions made to these domains.
The legislation, which would create a system similar to that currently utilized in the United States under the Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006, was reportedly created by the nation’s Finance Ministry following a request by President Vladimir Putin in an attempt to sway players towards the nation’s land-based casinos.
The news portal estimated that Russian players spend approximately $3 billion every year on foreign online gaming websites while reporting that the proposed legislation is a re-worked version of a set of measures that failed to pass in 2015 after coming under heavy criticism from some government ministries and a number of leading financial institutions.
However, the Russian government remains eager to ensure that all online gambling transactions made within its borders are processed through approved methods with proponents of the proposed legislation now hopeful that the amended and updated version will be approved by lawmakers with little criticism.