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15 arrested in China over crypto gaming app

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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. 

(Coingeek)

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