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The National Bank of Ukraine has banned the use of credit funds for gambling

Natasha Kumar By Natasha Kumar Jun25,2024

The National Bank of Ukraine has banned the use of credit funds for gambling

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From June 22, 2024, a ban will be implemented on payment transactions of customers to the accounts of gambling organizers to participate in gambling games using funds received under the terms of the loan.

This is stated on the website of the National Bank.

The appropriate measure will make it possible to minimize risks to the safety and stability of the financial system, reduce the negative consequences of the functioning of the field of gambling on the Internet.

This decision will also contribute protection of consumer rights and the development of responsible consumer lending.

The specified changes were made by the resolution of the Board of the National Bank of Ukraine dated June 21, 2024 No. 72 “On Amendments to the Resolution of the Board of the National Bank of Ukraine dated February 24, 2022 of year No. 18”, which comes into force on June 22, 2024.

National Bank of Ukraine banned the use of credit funds for gambling

National Bank

Natasha Kumar

By Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my natasha@thetimeshub.in 1-800-268-7116

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