web analytics
News

EGBA Furious With Germany’s Banning Of Gambling Payment, Demands Reconsideration

EGBA Furious With Germany’s Banning Of Gambling Payment, Demands Reconsideration
EGBA Furious With Germany’s Banning Of Gambling Payment, Demands Reconsideration

The European Gaming and Betting Association (EGBA) has warned the German authorities on a recent payment ban which was announced by Germany earlier last week.

EGBA, a trade group which is an association of gambling operators, asked the German authorities to rethink their decision and have urged them to allow payments as usual until a new regulatory framework is developed.

EGBA’s response to the payments ban came after the state of Lower Saxony (Niedersachsen) issued the country’s first federal blocking order to a payment service provider. The move is aimed at restricting stop transactions between German gamblers and overseas online gambling sites.

EGBA has called for stepping up efforts to create a regulatory framework at the earliest.

“Restrictive or prohibitive measures, such as payment blocking measures, are an attempt to create artificial walls around online markets and can be ineffective and detrimental to player protection,” EGBA secretary general, Maarten Haijer, said.

“A much more fundamental rethink is needed in Germany to bring its online gambling policy up to speed to meet the digital realities of the 21st century.Right now, the regulatory situation is fragmented and way behind the developments in most other European countries.

“To remedy this, the German authorities should establish an attractive and modern online gambling regulation which acknowledges that many Germans play online casino games and ensures they – and all other players – can play within a safe and regulated environment,” he added.

Please wait...
Bitcoin Casino

About the author

Harry Matthew

Harry Matthew

Harry serves as a resident reporter for Casino Buzz. He has been responsible for building the content base and forms the core reporting strategies for the website. Along with reporting, Harry is an amazing baseball player with good record at university level. He can be reached at hm@casino.buzz

Add Comment

Click here to post a comment

Official Partners

Bitcoin Casino

Sloto Cash Casino