The Cyberspace Administration of China (CAC) will be ramping up measures to tackle cross-border gambling networks, including precision strikes on overseas gambling groups, and enhanced supervision of blockchain services and related platforms.
Chinese police have arrested 1,100 people for allegedly using crypto-currencies for illegal purposes such as money laundering and internet fraud.
Cyberspace Administration of China has announced four new measures to crackdown on cross border gambling, including precision strikes on overseas gambling groups, stepping up oversight of blockchain platforms, consolidating the responsibility for online platforms and improving its regulatory structure.
Sands Resorts Macao is participating in ‘Macao Week in Shanghai’ from June 3 to 7, introducing The Londoner Macao integrated resort to local residents and tourism industry partners enthusiastic to learn more about the spectacular new British-themed property.
The Asian Racing Federation is warning that the rising use of blockchain and cryptocurrencies is facilitating illegal online gambling and allowing operators to circumvent regulatory requirements.
Chinese media reports that 914 people have voluntarily surrendered to the authorities for their involvement in cross border gambling.