15 arrested in China over crypto gaming app

Police in China have busted an illegal gambling operation built on the EOS blockchain network. 

15 people were arrested in December and around $3.8 million in bitcoin and EOS was seized. 

The arrests are just another example of the wider crackdown on cross-border gambling initiated by Chinese authorities. 

There was a time when it was believed that blockchain technology would be able to be used to mask operations particularly in countries in which gambling is frowned upon.