Norway has presented a new set of regulations to the European Commission. New restrictions aim to curb the activity of online gambling providers in the country. Currently, there is a monopoly of two-state run companies over all gambling activities. Nevertheless, some internationally licensed providers, who do not have a legal right to operate in Norway, still attract users. To stop such illegal activities Norway came up with the regulations that make it illegal for banks and financial institutions to process payments for online gambling services. Furthermore, these institutions are required to report information on ... (full story)