Armenia

Internet and e-commerce industry in Armenia

July 28, 2010 - 6:19am | Articles | Other themes

Today, the country we pay attention to is a landlocked mountainous country in the Caucasus, Armenia. Armenia, that represents a former republic of the Soviet Union, is bordered by Turkey to the west, Georgia to the north, the de facto independent Nagorno-Karabakh Republic and Azerbaijan to the east, and Iran and the Azerbaijani exclave of Nakhchivan to the south. Interestingly, the country represents an unitary, multiparty, democratic nation-state with an ancient and historic cultural heritage.

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Armenia shuts down WebMoney for illegal gambling

September 1, 2009 - 9:57am | Fraud | News

State investigators in Armenia reported that they detected underground casinos that acted under the guise of internet clubs. According to the official sources owners of the clubs were at the same time representatives and providers of electronic payment system WebMoney in Armenia.

In the course of their activity in the country swindlers managed to earn through WebMoney an amount of about $300 thousand.

Last week the national police blocked the site of Armenian version of WebMoney. According to some sources the site was shut down for an indefinite period of time.

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