Spearheaded by the National Betting Authority (NBA), the scheme will deliver added protection for customers of the rapidly growing Cypriot gambling market.
The main safeguard is allowing players to opt in for self-exclusion so that they can control their betting activity with all online operators that are currently under licence by the Republic of Cyprus.
When the self-exclusion is active, customers are only allowed to access their accounts to withdraw any deposits left, and are prevented from creating a new account with the same or another operator.
The NSEP is primarily targeted at players who have concluded that they cannot control their gambling behaviour anymore and that it is negatively interfering with their personal life.
Ioanna Fiakkou, President of the Cyprus NBA, commented: “This is a robust tool for every player, designed..