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Russian government considers legalising online casinos with 30% tax

Regulation

Russia’s government is reportedly considering lifting the ban on online casinos and imposing a 30% tax on their revenue, according to reports citing sources close to the government. The proposal could generate up to RUB100bn a year, while the Finance Ministry has not commented publicly on the report.

The proposal could reshape online casino legality and taxation in Russia if the government advances it.

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Regulation

Thailand considers 0.01% gold transaction tax to counter money laundering

Thailand is considering a 0.01% tax on gold transactions to address money laundering linked to organised crime, including illegal gambling. The Bank of Thailand supports the proposal and plans wider information sharing between banks and state authorities.

Authorities in Thailand are weighing a levy of 0.01% that would apply to every gold transaction, part of a broader push against money laundering tied to organised crime, illegal gambling among it. Several of the country's financial institutions have thrown their support behind the proposal. Under the measure, every gold deal would be logged, which would give officials a fuller picture of transactions and make it harder for criminals to clean money through gold.

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