Chinese Authorities Clampdown on Billion Dollar Bitcoin Gambling Ring

Guangdong Police Bust $1.5B Bitcoin Betting Ring Amid World Cup Excitement

The Dark Side of Digital Currency: A Look at Recently Disrupted Gambling Operations In a significant action aimed at combatting illegal online gambling, Chinese authorities in Guangdong Province have dismantled a sprawling betting operation that involved the use of cryptocurrencies. On July 11, 2018, over 540 individuals were detained for their roles in orchestrating an…

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