FAVBET’s Platforms Ready for Cryptocurrency Payments

Publication date:

26.10.2022

Publication from:

Ukraine’s leading Entertainment provider FAVBET says it’s all set to roll out cryptocurrency capabilities across all of its platforms giving users an ability to create cryptocurrency wallets and top up their accounts with the 7 most popular virtual coins.

According to the company, the new payment instruments will appear on its platforms as soon as the changes to the Tax Code of Ukraine come into force and the legal framework regulating the taxation and processing of virtual assets is approved. FAVBET has already carried out all the technological preparations on its side and is now waiting for the approval of relevant regulations by the state.

We’ve started testing the new payment options immediately after the legalization of cryptocurrency in March this year. There’s been a lot of interest surrounding the topic, so we’re excited to soon be expanding the functionality to all of our platforms. The updated legislation will put Ukraine on par with the most progressive countries in the world, and we’re pleased that FAVBET has always been and still remains among the drivers of these positive changes,