🎰 Lithuania 🇱🇹: Strict Measures Against Illegal Gambling Come Into Force!

🎰 Lithuania 🇱🇹: Strict Measures Against Illegal Gambling Come Into Force!

Illegal operators are already feeling the consequences. The Ministry of Finance has introduced significant changes to Lithuania's gambling regulations. The new legislation, passed by Parliament, is reshaping the industry. ⛔️💸

💡 Why does this matter?
Unlicensed gambling operators are no longer permitted to operate in Lithuania and now face both technological and financial barriers to accessing local consumers. A key change is the blocking of card transactions for platforms not listed on the official "whitelist," which includes only licensed operators.

😵 What’s changing?

👉 Banks and financial institutions are now required to block payments to unlicensed gambling sites.

👉 Transactions are monitored by the Lithuanian Gaming Control Authority (LPT) to ensure greater transparency and compliance.

👉 Illegal operators face significant limitations in market access, complicating their ability to operate effectively.

👑 A historical insight: With a population of nearly 2.8 million, Lithuania has overcome tremendous challenges since its independence from the Soviet Union, emerging as one of Europe's most innovative and forward-thinking nations.

#Lithuania #Regulation #Europe

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