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Norwegian Online Poker Payment Ban Comes Into Effect

June 1 Saw Legal Block To Online Poker Transactions in Norway

by Brendan Murray  |  Published: Jun 03, 2010

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Norway introduces online gaming transaction banNorway has become the first European country to legally block financial transactions between online gaming companies and its citizens.

As of June 1 financial institutions in the country could no longer facilitate transactions between online poker operators and their customers, much like the Unlawful Internet Gambling Enforcement Act in the U.S.

Exempt from the ban are the state-run gaming operators Norske Tipping and Rikstoto.

The Norwegian government claims the move is necessary to prevent gambling addiction and fraud. The country is not a full member of the European Union but a member of the European Free Trade Association which has already stated its disquiet at the move and is expected to challenge Norway over its anti-competitive stance.

 
 
Tags: Norway,   European Union,   Online Gaming Transaction Ban,   Online Poker
 
 
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