Bitcoin Forum

In china the government reported a case where a gambling Gang as they stated were using cryptocurrencies to transfer funds abroad. According to them trillions of yuan's are illegally being transferred abroad due to gambling.

They are taking it further by saying how it's not just a financial problem but it's a conspiracy against their nation as a whole.

Now they are making this bigger by saying how these cryptocurrencies and gambling are making it harder to track the transactions. BUT ! Isn't it easier to track these transactions as compared to fiat ??


From wiki


Now gambling in China is Illegal so according to them if anyone from China is engaging in Gambling online overseas even the online casinos might be held accountable.  But I think some casinos might be bypassed by using VPN.

Shouldn't the Chinese authorities in lieu of the statement where they say that they are illegally transporting trillions of yuan's online , make the gambling legal and make sure to have well established rules instead of putting a hand out on the whole industry ?

Plus if people wants to engage it's their personal preference not the fault of the on-line crypto casinos.

https://cointelegraph.com/news/chinese-govt-official-gambling-gangs-use-crypto-to-transfer-funds-abroad/amp (https://cointelegraph.com/news/chinese-govt-official-gambling-gangs-use-crypto-to-transfer-funds-abroad/amp)

Money laundering via international transferring of money using gambling is the common way of Chinese syndicate. They are financing different gambling casino all over the world and wire transfering via online gambling. In my country, they have a casino that registered and  strongly supported by our government. Most of the players are big time Chinese and flying here just to gamble.

The trick about using crypto is the Authority didn't know what is the Operator Wallet address, Yes you can easily transaction but if you can determine there wallet address, Unlike Fiat money, Banks know all your credentials upon opening your bank account and Chinese government have full control about the privacy of all Chinese. They can easily track down huge amount of money that going out there country.

Welp, that's just crypto being crypto - borderless/no intermediaries/censorship resistant (in the case of bitcoin at least).

News like this are getting old to be honest.

Gamblers using mixers, coinjoins, privacy coins like Monero would make it hard to track movement of funds.

If gamblers would try to move fiat online (banks/money changers), it would be easier for the Government to track and freeze them. If gamblers would try to move bulks of physical cash, they will have to use backdoor entries because they won't be allowed at legal entry points in any country with that amount of money for sure.

I didn't really get it why it's illegal if the money they're transferring abroad is from the profits they made in gambling, if that's the case.

But if they are just a gambling gang alone and they are being funded by someone who has the power and transferring money via cryptocurrency abroad for illegal purposes, then the blame shouldn't be on gambling. Gambling was just "involve" since the gang is named Gambling but not making any big profits in gambling.

The other one is if they've been called Gambling gang because they are the owner of a certain gambling site that's been used in money laundering, then shutting down the gambling sites in China was the right decision.

It's really illegal here in our country we have an specific amount of money that you can transfer out of the country legally, there is an additional and you have to secure permit if you want big funds.

If they use Mixer it will be hard to track these transactions, fiat can easily track than Cryptocurrency because they have to use illegal means to transport the fiat

unfortunately China is a communist country and they want to have control on everything, although they have territories where gambling is legal, these are just for tourist and and their cash cow as well

As always, they want control over everything especially if it's about the money.
It's true. They are hiding in different countries, mostly near China.
I don't think they want to go so far and stay within the range where they could still use their language.
Not just individual Chinese gambling but more like a company of Chinese that runs a gambling business.
I guess other countries' authorities are not helping them trace it because of a bad reputation or just not on good terms with China.

Why will anyone government blame this on gambling platforms? Without this gambling of a thing, can't anyone from china launder money from the country(are there not VIPs who do this on daily bases)?. There are series of money laundering in china through cryptocurrency, so, why making things complicated for true gamblers in the land?, i believe it's a conspiracy against casinos owners; both the traditional and the online base platforms owners.

This the reason why some of their people migrating to outside China and have their business, and sometimes doing illegaly.

I don't see any good reason why having this kind of law. What they would like to show and how their leaders trying to imply is that all of their people will obey and being controlled. How's that devastating act that it gives us no freedom to make decisions and do what we want.

China is very influential and that is likely what they do to us in this pandemic situation. I'm so lucky that I was not living in China...

Even if the Chinese government are doing their best to crack down money launderers and notorious gamblers they can still get away and continue their illegal business in any way possible. Privacy coins are the best tool for elicit activities by criminals or financing terrorists taking advantage of the zero foot print technology, won’t wonder if centralized and regulated casinos will stop supporting privacy coins in the near future most especially that authorities are serious in tracking illegal funds in and out in the crypto space.

Maybe people feel that the law is too strict for them, making them not have their business. Maybe that attracts people to do illegal things to have more money. I think that is not just happening in the gambling business, but it happens to other business because maybe that people run a legal business, but behind that, they also run an illegal business. It's like they have two faces for their government.

Gambling in itself is illegal in China. Some wealthy people do visit Hong Kong and Macau to gamble while Chinese near the boarder visit the bordering country for gambling. But for most of the people has no choice than to indulge in illegal gambling. The customs check in China is strict and it's difficult now to move money through and into China, so crypto coimes as a choice.
It's a classic example of authorities not being able to restrict the flow of money.

I agree with you, crypto currencies is just a tool for the people. If they had no access to crypto currencies the people would still gamble. It might make it a bit easier, but banning crypto coins just to fight illegal is wrong in my opinion. There are so many investors in the crypto 5eho are not using bitcoins to gamble. They just want to store value in a non fiat currency and are looking for security.

I do think that tracing crypto gambling is easier. The transactions are recorded, so it can be determined whether a person won money or laundered it through a casino. If one comes with a bunch of cash to a casino, nobody would ask about the origins of this money, and one can gamble there and leave with the rest of the money, now 'clean' as winnings. As for cryptos and online casinos, I think China should make them legal and enjoy the additional income to the economy instead of banning it altogether. It would be easier to have the situation under control if there's a legal space for that.

Since they have laws that are banning gambling then it's illegal or the illegal games they are doing is really against the law that can harm others. They are very particular in terms of having businesses and doing transactions that can be a lose in their economic earnings, so doing crypto transactions especially from gangs who do gain profit illegally is really a problem. It will cause trouble to them if they will not track the transactions which are really hard to be track as these gang is surely well planned their way to make their transactions success without being caught

They have their own policies that are very much different from other countries, they want to control people, resources, and production the Chinese administration thinks that gambling is not good for their people, but if you check on other countries like the Philippines they operate offshore gaming platform there, they do not want their people to gamble yet they run gambling sites for foreigners.

I think about the possiblity of the gang collaborate with some of the gambling platforms to help them transfer money outside of China then swap it into crypto. Chineese authority can't really track the crypto transactions but i think it's almost possible to track the fiat transactions which should be made via simple wires.
As i believe that gambling activities should be considered as personal choice/decision where the authority hasn't a reason to interfer, i think also that moving large amount of money outside the country can be considered as a threaten to the whole economic system of the country if it's made by any illegal method .

There's a connection to what TGD has said in his first sentence.

That's a pretty common thing that huge groups or whoever they are with large sums of money being transferred. The first thought of the state would be money laundering and they had to take action of stopping it.

Whether they will say that it's legit money from casino profits, they wouldn't believe you. Just money matters which has always been difficult to go against the state if you're living there. No exemption I guess.

Engaging into gambling can be considered as ones own preference, but in each and every citizens life the government has got responsibility. Governments won't ban or restrict people from gambling without reason, everything has got reason. We have seen lot many into gambling addiction, but no one gets exposed same as that affected with drug addiction.

Governments try to find opportunity for large volume transactions. Even if it was under regulated and taxed money it'll be related to some form of business when the transaction is done cross border.

I don't find suprising that governments and other centralised institutions use cases like this one to pour some shit on cryptos. It is clear to us in this forum that the greatest tool for money laundering is fiat, but no one is considering banning it or demonizing it.

As for being difficult to trace, fiat is usually more difficult. In this case, if mixers or other systems have been used, the authorities will not have an easy time tracking the funds.

Well, that is normal as of now and I did not surprise by the news because we heard this as always that there a fraud using bitcoin. Not only bitcoin or cryptocurrencies are prone to illegal activity, but fiat can be used also for that activity, they should not blame bitcoin --everything that has a value will become a root of evil sometimes. Or why not blame the gambling sites like this. Gambling is China was already illegal for a long time, that is why we can blame their government if as of now they had taken action for the sake of their citizen and their government as well.

You know China is a communist country which they dont really like anything that will really be violating up into the rules that had been set.

So youre saying that they should legalized Gambling? Its up to their own jurisdiction and minding about taxation then they dont even need that knowing that theyre already feasible in terms of
development and progress.

Its no surprise that crypto would always took the blame when it is tag up with illegal doing of activities which it isnt really that something new
yet this had been an issue ever since when it comes to untraceable transactions.

If the chinese government excuse for banning gambling is the fear of using it in illegal activities such as money laundering or currency smuggling, then why do they ban local casinos too?!
Local casinos can operate under the government control and all activities can be monitored by their financial agencies.
Besides, completely prohibiting gambling just because a gang used it for illegal activities doesn't make sense it's the same as banning cryptos because some criminals use it to hide their traces.

Cryptocurrencies have been involved in money laudering  for long time and gambling oversea is a form of it. Eastern countries mostly hate gambling because they say that it corrupts peole, destroy family and weaken the economy. Not surprise at all. But the Internet is a good sidekick for citizens to join illegal gsmbling website and enjoy their games. There are many places where you can bet without having any trouble such as IP restriction or KYC. No matter how hard the government try to ban everything, there are always various of ways for people bypass the system and do illegal things.

Personally, they should legalize gambling for economic purpose. Thid industry brings billions of dollars each year. Its not too late to change.

Well this is what Chinese is lol,They are in everything in the world,From Pandemic to territorial despute,from Drugs to illegal gambling.
they are Good at it,Imagine having a very strict government still Their people can afford doing this kind.
Not only their nation but I believe that this is a worldwide effect.

In my opinion, the Chinese government controls its population too tightly, therefore many Chinese people are more comfortable developing
businesses outside of China. Then regarding the gambling gang that uses cryptocurrency to send money abroad, it is considered to be carrying
out illegal activities. That's because China has long considered gambling illegal. Therefore, if Chinese people want to play gambling, they should
go to Macau. But what I wonder why the Chinese government blames online casinos if they find people from China who are involved in online
gambling, even though online casinos should not be held accountable.

They should legalized gambling because there are actually high number of Chinese gamblers. So they can get money from them instead of giving the income outside of their country. They should not blame online casinos as they are just doing their business. If they are more practical on this industry, they will be reaping income from their own citizens.  There are so many casinos owned by Chinese outside their country because of their strict regulations. So it means, they are throwing their potential source of income.

So China said they were unable to track those transactions on time while still having complete control on every single breath of their citizens? They're just trying to ruin the game for crypto as they don't like people succeed, not even theirs. And if they were still not able to trace it but were totally in control of letting their citizens stop the use of crypto and stop mining, it's honestly a shame for them that a few people in that gambling gang managed to slide down their own currency under their nose.

I think from a long time ago I have accepted payments using bitcoin and should have legalized the use of cryptocurrency, it's just that maybe the gambling place has not received legal legality, but if only the gambling place is a problem then maybe you can switch to the online world like today many online gambling are available. more and more used by people.

They have the resources so they can do anything without Hindering of authorities as they can pay anyone just to maintain their activities.

And knowing that this is from China?no wonder this comes possible .

That's actually very good to hear since you have more of a personal experience with this.  I do believe that the government is too uptight about this whole thing, they have to understand for a fact that people won't actually stop doing something if they want to and that thing is supposedly illegal.

The fact is , you have to understand for a fact that they can regulate it and at the same time it would earn good revenues for the government. One question for you: as a person living where the gambling is illegal , if you have to access it somehow do you use Bitcoins and other cryptocurrencies ?? Or do you prefer to engage in local gambling ??

Plus many sites are banning VPN usage so how does it affect you ?


Yes that's the whole thing, the government is too uptight about this.

Indeed, the policies that have been set by China cannot be denied if online gambling is an illegal act, the Chinese government will punish it with what it must be responsible for, China always makes it more difficult for its citizens because this is communist so all decisions must be obeyed they continue to tarnish the image of cryptocurrency by saying it is illegal.

Maybe there is still an alternative way for residents who want to continue playing online gambling because with a myriad of VPNs we can do it, but in every transaction we will always be monitored.

What I know is that gambling in China is not legal everywhere?

These people are wise they will not use conventional method of transferring their Cryptocurrency because it can easily tracked they use mixers or privacy coins like Monero so their transaction will not get track.

It's much easier to track fiat money, because they have to get it out illegally by by passing airports and sea ports and we all know China they are good in tracking those smugglers who tried to take out something in mainland.

If I have access to playing gambling even if my country ban gambling, I think I will still playing gambling but not too often because I don't want to see the ISP provider report my activity in playing gambling too often. I think the government will be okay if their citizen is playing gambling for some time because people need entertainment, and not all people can enjoy what other people do. I don't want to engage in the local casino because the police often investigate the local casino and raid the place if they don't have a license.

If many gambling sites ban VPN, I think it will be my time to stop playing gambling and search for another activity that will be safer for you. But I think there is a gambling site that will still allow VPN to play gambling on that site.

The problem is that they need/want the taxes for those online gambling profits. From what I know, China is trying to be a virtuous country by not letting their citizens in their country gamble but they are doing a Off shore Gaming and they have Macau and Hongkong. In the end, it is better that they prevented them earlier than having to let them go on for a long time so they can seize larger amounts.

I also believe that, impossible for them not to track it as everything was  fully controlled by the government. knowing China sysmbolizing
communist centered society. You don't have any rights as the government can easily traced you up, it's just another news to bring negtive impact to crypto.



If it's then yes it's a shame for them that some groups managed to get away from their authorities, but agaon it won't take that long they are just bringing this to attention to bring or aware their position against this crypto currency.

a site cant ban or stop vpn because they cant control it and vpns are also created because they have a use on thier own . what can a site only do is to ban the country that they wont allow to play or ban the players that are not fit on thier required age group . you can switch different country in your vpn if your having a problem on the site that you play  . your isp cannot also report your if you use a vpn so dont worry about playing more often  . playing online is much safer using a vpn that playing outside on illegal casino so i also prefer it .

You'll only find transaction within the blockchain so it's traceable, but will you know who these people are when transactions in the blockchain are anonymous? of course no, fiat is still easy to trace since it will have to pass through banks and other financial institution that is under the supervision of the central bank or the government regulatory bodies.

I wonder why they keep on saying it as illegal of transferring money from gambling if that money is theirs or maybe gambling in China is prohibited that's why they keep on saying it as illegal but if that is the case I don't think that there is no gambling casino anymore in China, even though it is illegal, it would still be possible for them to hide it, especially if the owner has the power but the question here is that how they could promote their gambling casino if they are going to hide it.
Online casinos can easily trick, they just only need to use a VPN.

It wont really be called illegal if it doesn't really violate countries rule or laws but since they are prohibiting gambling into their citizens then trying to spend out yuan in those terms and on that hiding manner can really be considered illegal.Thing here is that they do really emphasize bitcoin or crypto that this is the main medium that causes for those kind of exploits that they can able to trace up without even trying to look that its been happening with fiat ever since and now that crypto had existed then its no doubt that it would really be used due to anonymity feature.They can ban all they want but
totally stopping it would really be impossible yet accessing have lots of ways without being caught.

Using crypto to illegally gamble is not actually new, and we have already seen similar news like this. Crypto is used in unlawful activities that give a bad image to it.  China can be strict when it comes to this thing but I don't think that online casinos should be accountable when some Chinese people still choose to gamble on their site when they know it's illegal in their country. They will keep on finding ways to gamble, and it's not the casino's fault if their people choose to violate their law.

Looking at a country the size of China I am not sure that the Chinese will not avoid the ban.
The Chinese government should provide concessions and allow gambling to be able to control them by utilizing their modern technology, while still earning income from gambling taxes. In return, the consequences for violators of illegal activities in gambling will receive a harsher penalty than before.

To be clear on one thing, criminal is everywhere! Illegal is what your government thinks it's not good for you! :) So in many countries you can smoke weed, gamble, do other drugs, go to a brothel... in some you can lose your life for doing something from that! Isn't that crazy!?
So criminals are making cash, big cash, and they need to do something with that (spend it, launder it…), gambling industry is good for investing, big money in circulation, and probably few other benefits why people who make money in illegal way (criminals) love this industry!
Let's just remind the story about Las Vegas, it wasn't on the map, but when mafia jumped in with huge money they started something crazy!
Is there a bottom line? For me yes, some laws are stupid! And of course those stupid laws will be broken, because there's a constant rising demand for a good deal of illegal stuff! You can try to arrest few people here and there (what they are doing now, and in the years before), but you can't arrest them all!

I've read an article before that these Chinese are using casinos to make this exact situation, The only thing is uncommon is now they are using the crypto casino.

I don't pertain to Chinese cause I don't want to discriminate but every money launderers are doing their best just to execute their criminal act, We don't know but there's a chance that these launderers are taking advantage of mixers and other privacy coins which make them very hard to track on top of the freedom and anonymity that the crypto provides.

Illegal gambling cannot be stopped is it true because there are so many websites where you don't even have to give any identity verification no matter how big you gamble and win. There are certain countries where sports betting is banned and guys from there are comfortable playing on crypto casinos.

I don't know why even countries ban gambling when they know people will find ways of doing that, in fact if they legalize gambling they will earn good tax revenue from them which they are not earning by banning gambling.

And people can use mixers to mix their coins and no one would know which transaction was done by whom.

The site can restrict their site access only for some countries, and if necessary, the admin can make a whitelist and blacklist for which country can visit their site using their IP. You can visit the site using a VPN, especially if the VPN has many IPs so that you can access the site without a problem.

Playing online gambling will suit many people who want to play gambling, but they are worried about their country's rules. The ISP will have a record for every user, but they don't report it t the government, but if their activity is suspicious, they have a right to give the record to the government to be used for the investigation.

Does this mean that even how Strict their laws and the punishments yet There are still making this huge amount illegally ?
something fishy on this cases.

well or maybe there are still official that dealing with this illegal operators that surely paying them tons of amount that's why they can still operate while government is blind.

This had been an issue for a long time, crypto had been a gateway for illegal activities such as money laundering. Due to Anonymity, some people are using crypto to move huge illegal money, without leaving a trace easy and fast. Even how strict the law is, people will find ways.

I definitely agree with this.

Government are also criminals who are hiding in their powers and bank accounts. They would seized every illegal activities and their country but secretly, they are the ones who is getting the money they confiscate. They stole people's money and could easily get off the hooks since they are in the Government, and it's all about money nowadays. I'm not mad at the Government, I'm just mad to a very bad government and incompetent politicians.

Always remember that if a country is doing a great job because of the Government, and we're all equal in the society, crimes would never exist in the first place.

I'd have to agree with this. Instead of actively removing the ones that are at fault, they instead block off the entire industry which they could profit off from. By doing this, they're pretty much actively asking those gangs to continue doing whatever they're doing. It was illegal in the first place already, banning it doesn't make anything illegal, well, more illegal.

As for crypto, well it's really nothing new. The fear of the government using Crypto for illegal purposes isn't really unwarranted when in the first place it looked like crypto was specifically made for it, that is if you see the government as a hero with kind faces. But they aren't, even without crypto illegal activities are prominent everywhere, even inside the government.

It's not just a matter of gambling space, rather cryptocurrencies are being used very extensively in all sorts of illegal wrongdoings. Be it gambling illegally or trading drugs or even illegal weapons - darkweb has it all where the main payment method is cryptocurrencies like Bitcoin or Monero. Illegal miscreants are fully exploiting the anonymity feature of cryptos, it seems! This matter of China gambling gang is just the tip of the iceberg.

maybe that gang is the most notorious on thier country but this is nothing compare to the other  . others arent gang but only compose of one and two individuals but the damage that they have dealt are more than the trillion yuan that the gang on china have stolen but the point here is that they still commited an act that are against thier countrys law and they should pay for it . crypto is not guilty to this because anyone can use thier crypto in anything that they like but if its use in riskier stuffs they just wana make sure that they dont wana get caught .

I don’t think China would be crazy to ban Bitcoin when the biggest mining farms are located right there.It is true that is more difficult to track transactions of cryptos which are made by people who have nefarious purposes and go through a lot of mixing services before reaching their final destination.

However bad people and gangs in every field are more present in the Fiat arena compared to crypto so I cannot understand the Chinese government what they want going after a gang of gamblers who use crypto.

That way the government tells you that you are stupid, you can't make a choice between good and bad, that's why I make it as a rule for you not to gamble.
In any way, it's illogical to make things like this forbidden. For example, a lot of Muslim players gamble tons of money in different countries because casinos aren't legal in their countries. A lot of profit is lost because of this rule. I amn't against anything or anyone but personally I think this rule is bypassed in any way and that bypass costs a lot for Muslim countries because they lose a lot of money, profit.

Make gambling legal, it will help a lot of people to get high paying jobs. Casino business, in this case, acts like following: Money goes from those who have a surplus of it to those who have a deficit of it. So, that's normal but at the same time there should be a responsible gambling campaign at the same time.

But we don't need to put this blame on Bitcoin. It is really to regulate transactions in using crypto because of its anonymity feature, plus mixing services. We could say that Bitcoin had its purpose and role in the market but it is very unfortunate that this is also a tool to increase the numbers of illegal activities. I'd somehow not to like it but it was already been started, some people also just follow what they see.

if we think that this could be stopped? No, it is impossible. Crypto had no difference from fiat money, they are still a part of illegality either we like it or not.

There is no big deal. Gambling gangs use all kinds of ways for illegal purposes all over the world. Cryptocurrency is used in illegal transactions just like the fiat money that everybody knows about. It is not what they use that matters actually. If the transaction is illegal they will be stopped and the violators arrested and made to face their crimes. But they don't stop the currency they are using or arrest the people behind it. They might end up stopping fiat and arresting central bank and treasury people.

That's it. Crypto just the same how fiat money works, it can be used for good or the otherway around. There's no way to be blamed the process but instead the one to be  blamed are the those who used it doing illegal transactions, keep in mind that whatever process it may be illegal doers will find ways to take advantage of the system

No need to point fingers to crypto, it's just pure malicious act knowing that there are people who continue to dislike this system,
doing everything just to find ways to bring down this chain.

Why do they think that only in crypto illegal stuff happen, like fait there are so many on records scam being exposed still fiat is being used? Well, in such cases government should even think to ban fait because till now there would have being thousands and thousands of big scammed happened due to fiat. This is very easy for government and the people involved in bureaucrats to make money from fiat and not so from crypto. So, they do not want such things to exist else their corruption will fall to an extent which is happening in fiat as in crypto things are recorded and cannot be manipulated.

To be honest any kind of currency will probably be used in illegal purposes. Even the fiat currency were being used by those drug users and even gambling gang. For me those people were desperately wanted to earned an instant profit without being thinking if those money were came from bad or good. And not so impossible that even cryptocurrency can be also used in illegal gambling. People today were desperately wanted to gain an instant profit so even illegal will never be a hindrance to them.

It will be hard for any country to stop gambling activities no matter how hard they try to prohibit it. The existence of digital currency made gambling transactions easier which made it harder for authorities to stop illegal activities. Gambling will always be everywhere and it doesn't matter if it's a digital currency or paper money that they will use. It's common in most countries. It's just that things became easier for gamblers around the world because of the presence of cryptocurrencies.

I don't know what is the point of these gambling bans. People will always find a way to circumvent them and it also increases illegal activity like money laundering. Banning it seems to do more harm than good. If you want to take it out of the hands of criminals then just legalize it so people don't have to turn to criminal gangs to participate in this activity.

transactions can't be traced? so how do they know there are trillions of yuan transactions abroad...
Cryptocurrency gambling is facing tough challenges since it makes it easier for users to gamble anywhere and without any privacy being leaked, the Chinese government is one example that wants to monitor and control everything in China including their citizens.

They can control it and that's why they are starting to put sanctions and ban it as much as they can. It's what China mostly does if they want to stop censorship into an activity from their citizens and they want to monitor the ins and outs of activity including this. But the reality is that those citizens that do this can fly to the nearest country that they are free to go and just keep doing what they do. They can't track fiat unless they have some planned raid and knowing that it is a crypto transaction, really hard for them to track unless they start to have a suspicion with huge deposits and withdrawals.

Knowing China's type of government then it would always be keen when it comes to monitoring and transparency yet they dont like for things that do really hide from their eyes or scope of awareness.

This is why these kind of decisions will really be made on tracking out everything but i agree that it cant really be stopped nor being getting rid off it completely.

There are lots of various ways on how that citizen can surpass out those governments eyes and do all sorts of things that they do want.This is why illegal cant really be killed off
and been part of the reality but government do still try to find things up.

Looks like a big mafia gang laundering money through gambling sites :D.

This is the typical way in which the Chinese government rules, they will always find conspiracy when people want to access their freedom and there is no freedom for anyone to do whatever they want.

I know someone that is working in China for 12 years now who told me that there is a lot of illegal gambling happening in China. He's working in this store and usually, people talk at that store about these illegal gamblings. If this is the case, I agree that they should just let it be legal but as far as I know, they are in the religion of Buddhism so I think it is related to that?

As China policy and laws they do not adhere to religious teaching, they are not banning gambling because of Buddhism they are banning it because their parties created a law for their citizen since the communist party cane into power in 1949, it's surprising that although they ban gambling in mainland China they have a state own gambling casinos in Macau and Chinese citizens have a lot of underground gambling sites.

I agree that there are a lot of money to be made by the government of China, but do they need it since they have already making huge money from commerce, remember they are already a superpower.

I'm sure these People are on the hunt and their days are soon be gone,Chinese Government known to be very strict and Cruel(in terms of implementing the Laws) so those money they gather will not be for them,and has no chance of treasuring after being caught .

Imagine trillion of Yuan and this is not a peanut,these people Knows what they are doing and they also Knew the consequences .
Illegal gambling in China that's why Chinese are spreading the world opening casino continuously.

Every government would really take this issue seriously and they cant just let this to slip away and for sure they are already on the hunt since this do talk about trillions of yuan
where government just cant let this to pass.

There no doubt that crypto is one of  the most common gateway and even to think that fiat had already been used in the past and totally getting  traced is still
hard for them to get rid of it.

China has capital controls (https://en.wikipedia.org/wiki/Impossible_trinity) restricting the free flow and use of currency by their people but they also utilise the idea of capitalism and travel across borders, in quick summary its a mess of nonsense over reaching politics and restriction of peoples existence.   The people will always be guilty and liable to forfeit everything including their lives, country first which really means the military and political elite ruling by force.   You can gamble in China you just have to do it on their terms and travel to Macau or possibly Hong Kong.   In effect anything is legal if you pay the right people just the same way the old communist regime of Russia and likely similar now, neither capitalism or freedom exist for long in these places any more then a bubble might exist briefly floating in the wind.

IMO, the online crypto casino can be sued too, because they permit it to happen.
If the Chinese are forbidden to gamble by their government, the online crypto casino should strictly state it upon registration.
even they bypassed it with VPN, the site can be sued for the KYC reason, providing money laundry attempts with a bad KYC system.

I don't understand the Chinese government's view of gambling, why not follow Hong Kong and Macau, which regulate casinos well.
Yet if the Chinese government is more open to industrial gambling it can be a source of income, and with the gambling gang itself,
there is no need to send profit money from gambling abroad. Or try to see how the American government manages casinos,
I think the Chinese government should not be too strict about implementing rules that make its residents uncomfortable.

This is always a bi matter for several countries, about using crypto for illegal purposes, not only in gambling but others, too. However, this is a part of the negative side of cryptos. There are still many positives sides, but we must really let other common people know this because if not, they will only think about the negative issues.

And about gambling in China with this kind of condition, I am afraid that this becomes another bomb likely to make gambling in that country to be more strictly regulated or illegal. IN this case, although their people will easily join in overseas gambling, they may also face some difficulties around them because of the rules.

So, will it really give another perspective about the world of crypto in that country?

That’s true crypto gambling site should follow every government’s law or else they’ll face consequences and if its not permitted to gamble online in China then so be it, they have to implement new rules with regards to this one and follow the protocol. Illegal things are growing and I can’t blame China for implementing such rules and I hope they’ll still support cryptocurrency despite of this one.

They can always migrate to other countries, you can find many millionaires from China migrating to Europe, UK and Canada and they might have some issues with the government and they will somehow transfer their wealth to other countries and then shift completely and it can happen here.
I think they will give death penalty for these cases citing conspiracy against the government .

Actually many casinos in our country are being managed by Chinese where the owners are also Chinese, for me it is not unique anymore because a lot of businesses are being owned by Chinese. Look at the gambling industry right now where it is currently booming where are lot of investors are keep entering because they saw a lot of opportunities. I do not know why the Chinese government is so strict when it comes to their citizen but one thing is sure they want to protect their citizen and they want to control them. I think you can hide your money through online casinos if you do not want to trace your transactions. For sure that there are now a lot of people who did that in order for them to access their money even though they are in another country.

Not an unusual way to use crypto.
It isn't surprising too that there are some people who will be using crypto to transfer money in one country to another.

Bitcoin has been used alongside with other coins in some illegal activities so expect more things like this in the future. They are also using it in Dark Web to buy some stuffs and this isn't any different from that. Both are illegal after all.

That's why it is no big deal. All kinds of money are used in illegal activities. There is no exception. The USD, Pound, Euro, Yuan, Yen, etc are no cleaner than Bitcoin. So they need to quit their attaching Bitcoin to illegal activities as if it is the exclusive currency of the criminals.

But it is always understood that government authorities will find ways to track these dirty criminals and activities down and confiscate the money involved whether it is crypto or fiat.

Actually Most of gambling sites can be accessible using VPN and this is same way why any countries can really blocked gambling activities even if they are banning this.
If the rules can be break while it is illegal then what more can this people do in Legal gambling?

i think they must first take down these people,Learn their activities so if ever they decide to make it legal at least they already have idea about the possible leakage .
That is why there must be a imposition of "Must be a responsible gambler"

So blaming won't be thrown to anyone but ourselves as gambler.

But still they are wanted and surely China won't stop looking for them around the world ,and besides they cannot hide forever that's the sure thing.

But unless they will come to countries that will adopt them as their own then they can hide for a certain time.

yeah Chinese government is known to be one that supporting death penalties.

So according to China, the Chinese citizens are converting their currency yuan to bitcoin and then uses those bitcoin to gamble online on overseas online casino, which according to them is money laundering? What else do they expect? They have strictly restricted their people from gambling. They can't even gamble abroad as a citizen of China. Sounds so shitty. And this the reason why the citizens are engaging in such illegal (according to them) acts. How about allowing people to gamble like they wish and put tax on their winning? Its a win-win situation for everyone.

^ Outlawed and criminals can really use bitcoin and another cryptocurrency for their illegal activity such as money laundering for there is no way to track who owns the particular bitcoin in the circulation unlike with fiat it can still be tracked because it is centralized. With regards to the concern of OP the blame should not be given to any cryptocurrency nor the gambling activity instead it should be with their government since they made a law making gambling illegal but they should have supporting regulations or at least amend it in a timely manner that can minimize all the consequences subsequently and not just to blame anyone or anything for the shortcoming on this law.

Cryptocurrencies are commonly used by criminals to do illegal things not just in China. Those gang thought of a way to involve gambling to do their bad motives. Chinese government should impose a law about cryptocurrencies not in gambling. Since it's online casino I'm pretty sure there's no form of illegal gambling there.

I didn't even know there are gambling gangs. However, people have always misused everything that has value and brings them money, so cryptocurrencies are not exception.
It's not to cryptocurrencies and not to gambling industry that are being used for illegal purposes, it's not their fault.
I think that the line should be drawn and people should be aware that just because it can be misused Bitcoin and cryptocurrencies are not criminal by itself.

Crypto being used to do illegal things isn't new at all and they would always use anything that they could to make their work easier.
This has been an issue for so long and a reason why government are against crypto,
But isn't the same thing happens in Fiat? even before the crypto was created this kind of illegal act is being made even in Fiat so let's not blame crypto.
They could even trace it since all the transaction is recorded online.

Not new that criminals are using cryptocurrencies to evade law enforcement, but its the government's job to pursue these bad people.  The government can stretch its claws if it is serious about these criminals and not only from the crypto's point of view. BTW, there are exchanges that can freeze your account if it is suspicious or violated their terms like from gambling.

Yes, and with cryptocurrency, they can transfer the money to other gangs without knowing what for the transaction. We can only know and see the transaction being made by the wallet, but we don't know if that wallet belongs to them. But I think the government will search and find out about that, and maybe they will know who is behind that transaction. But once again, we do not know if they use crypto for illegal purposes.

They have eyes almost everywhere and transactions that are catchy, they will never allow that to surpass in their surveillance. The law is harsh there that's why many are law abiders but everywhere, you will always get to see those that don't care with those laws.
And also, as I've said that they can do it elsewhere if they've been found out.

Such gang create more ruckus in the bitcoin world because of such illegal activities which they do, quite a few governments are reluctant to make it legal in their country and still either in process to ban or some have already banned it. Because of few such gangs other have to suffer, but by bringing a stringent law regarding such activities in crypto space atleast they can discourage those people and let other ones do not suffer by using crypto who want to make use for personal or for their business need.

China always wants to monitor every single citizen in their country. If I was a gambler in China, I would wisely choose a casino with no territory restriction. There are many websites like that. They have gained their trusted for many years. Moreover, there have been many tested for p2p gambling plaform which are quite promising.

Gambling are still illegal in many places. Doing something illegal is surely forbid. Therefore, play your game in somewhere you cant be traced or if you can, gamble without leaving any footprint. How they hell would they know if you used a decentralized gambling website?

I agree that their government would earn more if they legalize gambling. And AFAIK there's a lot of Chinese who gamble so, they even go outside their country to gamble. What more now that there's a lot of emerging online casinos that don't even require KYC and Chinese gamblers can still find ways to access gambling sites. So what's the point of prohibiting them when they will keep finding ways to gamble if they want to.

As far as I know, there are a lot of Chinese POGOs in our country too which is legal here in our country to operate but illegal to give the service of that online casino inside our country. This just proves that the country of China could earn a lot of profits or taxes by regulating casinos or online casinos, they should reconsider this so they could contain their virus.

There are many members now knows how to use vpn and that really can make other persons appear to be from anywhere else by using the VPN. However, VPN do also good in browsing like wanted to keep privacy while surfing the internet or joining platform that can't do because you are restricted due to the countries mandate regarding some matter. However, I do believe that the use of VPN can do more good than harm.

Money laundering could be part of it. They can easily lose the money in gambling for a certain purpose and that possibly is all about to proceed with the illegal transaction like drugs, transfer of money through gambling and other criminal activities. However, this crypto gang are discreet and I think there are only few of them uses this method in making the transactions.

Perhaps this is just an excuse to tighten the rules regarding crypto currencies circulation in China. Crypto currencies as well as fiat money can be used by both good people and criminals for their dirty purposes.
The Chinese authorities can't control the circulation of funds in cryptocurrencies, which is probably why they don't like them so much.

I'm thinking that the government are just banning gambling for the sake of their countrymen.
The negative side of gambling that it can give to the people is far more worst than the positive side of it can give but although there are some countries who are banning it, I agree that the gamblers tend to find another ways to gamble and online gambling is one of them.
Chinese people are fond of gambling and with online casinos emerging one by one online, for sure more Chinese people will gamble.

With regards to crypto being used in bad activities, it is already expected and even fiat had been used too in illegal activities so is this isn't uncommon already.

Who says that there is no illegal gambling in Online casino?not having a permit is already considerable as illegal since even in online gambling we have our legal rules and obligation.
But yeah it is harder to impose and put them in jail since they can hide their personalities in some matter.
 Actually many of them now are using this process and they maybe not really a crypto gang instead they just know how to use crypto in doing this escape .

There are limited amount that can be legally transferred as regulated by the government. This is where Cryptocurrency can be used to easily transfer funds to other country without any control and regulations of anyone even the authority. This might cause effect on the Cryptocurrency community, if this big transaction which is illegally performed may cause more strict control or banning the use (worst case) from the government of china.

Here in my country, there are some Casino are legally operated here in fact, they are supported actually by our government.
And aside from that what would expect from cryptocurrency, most of this are anonymous where it hard to track or trace it.
Especially if they are using any mixer every time they made a transactions like chipmixer, Bitmixer something like they are very hard to
trace actually.

The same scenario is in my country too which is an Asian third world country. In here, cryptocurrency and gambling is not legalized and we the people using it with our own risk. If any officials can know about us then they will catch us and we will be punished.

Basically this is done by government to stop money laundering. Because, by using cryptocurrency and gambling, it can be done easily and tracking them will be difficult for them. China has the fastest growing economy of the world and people may try to scam by this following way.

Does banning gambling in their country really help their people like getting addicted to gambling? I doubt that since it's up to us how are we going to control ourselves. There's a lot of Chinese gamblers here in my country so I don't think it's really helping them because the more they prohibit them from doing what they want, the more they will keep going further to do it which pushes them to do it illegally. Instead of banning, why not just regulate gambling and it will be a win-win situation for the gamblers and the government.

I am pretty that those gang are very clever in every transaction that they do so I guess this is the reason why the governement of China are saying that they have difficulties in tracing those crypto currencies. Though I cannot say who among of them are easier to trace between fiat and cryptocurrencies.

This is only one of disadvantages of crypto currencies because the same with fiat we are free to use it legally or illegally so I guess it is only normal knowing that any currency can be use illegally if the user wants to. They should not blame it to crypto currencies instead they should do their job in  capturing those gambling gang who are using crypto for illegal purposes so the image of crypto currencies will not be tarnish.

We live in a time when many people are looking for all kinds of ways to launder money. If they use a betting platform for that, it could make sense.
Then they have to convert it from crypto to fiat, otherwise it has little value. And I don't think gambling companies can afford just anything to accept all kinds of money in crypto and then pay it out to a bank account, for example. There will be stricter supervision of this via a bank account transfer.

Why people think that laundering money is something new?! It's done before crypto, a long time before crypto! And even now with crypto you still need banks, you can't bypass them in laundering process! And of course that some criminals are using crypto, we are using crypto too, it makes many things easier!
There will be a stricter supervision, with that part I agree! Because of some random fools all of us will be monitored, and maybe it's not cool, but it's for our own safety! Do you really believe in that?
Gangs are everywhere around, we can find them in ghettos, we can find them in the white houses....well now crypto gang is coming on the stage and this gang can change everything! :)

Exactly, not only in cryptocurrency will prone to these bad people or gangsters. Even though using fiat they have also existed. They just taking advantage of the feature of what Bitcoin had, they can transfer their fund anywhere thinking that the transaction is not traceable. But they wrong regarding that matter.

From time to time when we want to withdraw our fund that comes from bitcoin it will always go through a centralized exchange. And most local exchanges where you can exchange bitcoin for cash are now required KYC. But I am curious about the gambling site they used, why they don't have KYC of the big withdrawal they had.

Gambling is directly related to addiction and communists tend to forbid any kind of addiction in their countries, justifying the wellfare and good operation of the country. I think I could say the same about opium houses, where people got drugged and lazy, which were very popular in China before communists got the power.
Once communists reached the power they closed these houses, because the country needs healthy labor force to be a strong nation, so no addictions can be allowed there.
It might have worked for them, because they are the top 2 world country nowadays, ruling with iron fists of course.

Ruling with iron fist you say, now the question comes;
Is it a good thing restricting people's freedom? Freedom is supposed to be limited when it affects the next person if not, what the people wants it's what they must get. I get it that they want a healthy labour force but, not allowing true freedom kills motivation to work.

Using cryptocurrency through gambling to transfer huge funds is just one of the benefits of the blockchain system and cryptocurrency but then, even without the advent of this means, fiat has been transferred and continues to be transferred up till date without been accounted for. Let's not make cryptos seem to be warring the black hat always.

A normal cryptocurrency transaction is easier to track as long as the cryptocurrency is not an anon coins such as monero and the likes.  And if a mixer is used between transfers, it is really impossible to trace the transaction.

I think it's not a good thing, but I can't deny the fact that they are the top 2 world economy and probably due to their discipline and censorship over the population regards matters such as gambling.
Like it or not seems it worked there from an economical perspective. But of course the individual freedom is being violated not only there, but at any communist country.

Be it cryptocurrency or even fiat currency any kind of currency can be able to use in any kind of illegal purposes.  Money laundering isn't new already and it were already a huge problem even before crypto were made. We already know that "money is the root of all evil" that's why it is not impossible to money launderers, criminals or drug users to use crypto in illegal purposes. The proper used of money cannot be imposed to everyone since we have our own personal agenda with the money we have.

This is not to say that criminals can use crypto for illegal purposes in the case of gambling many criminals do not have a good knowledge of crypto because criminals commit more crimes in fiat currency than crap. Bitcoin blockchain can be accessed through bitcoin explorer this database which is open to all will account for each transaction in a specific cryptocurrency even if crypto gambling becomes difficult china will not be able to control it, but legal action should be taken against the perpetrators.

This has often very little to do with actually helping people. Most countries ban gambling because it is a recognized vice by traditional and cultural/social values.

Most countries then legalize it because they later recognize the need to tax it.

In both cases, they see the industry as not helpful to the country. Generally it's all about revenue. If the state gains, it legalizes then taxes it.

We are talking about big money here, over $140 billion. A gang, having billions of USD, can bribe anyone(especially in countries like China) to make withdrawals and other things easier to them. But it's true that if there were no crypto currencies, they would still find a way to do their illegal activity. Blaming crypto in the outflow of funds from China is ridiculous.

Criminals are good in gambling they can easily have access with this crypto yet the only thing that they use to it is into gambling , even they don't have knowledge in crypto all can be learn nowadays from internet you all need to do is do some research this is how our technology works, Well im agree with you more criminals are using fiat currency but some other are now using bitcoin to make an illegal transaction and even bitcoin lost it steam criminal will still loves it.  As you an see the data here and some information.

source : https://www.nytimes.com/2020/01/28/technology/bitcoin-black-market.html

Syndicates take advantage of crypto for money laundering because it is easy to transfer funds across different countries without the hassle of funds being checked if it's legal or not. If you are transferring illegal funds crypto is the safest way because of the anonymity it offers and decentralization. That is why most people have a perception that crypto is illegal which is wrong.

This depends on the crypto currencies being used. There are a lot of crypto currencies that are not actually anonymous as you can still track where the funds go while fiat, you never know where it will go or where it went. People are taking advantage of the features of cryptos, I agree that most of the people are mistaking it as illegal but actually, they are taking advantage of it and it is not actually a scam or illegal.

Hard to track if there is no KYC, but talking about FIAT, I think it's easy as long as it passes through banks since every bank accounts undergoes a real KYC verification where you have to go to the bank, seen by the personnel who will verify face to face so they would know who are the real owner of the accounts, unlike in crypto exchanges where it's easy to fake the verification requirement.

If someone will try to do illegal transaction using fiat, he must be smart enough to just move a paper money, otherwise it's not safe, some with crypto, use an anonymous coins and never pass through regulated exchanges.

If the movement does not cross borders, fiat offers a more convenient option to people who are involved with illegal transactions. It is to be done through cold cash. Cash is very hard to track for law enforcement personnel. It is much easier to use than most of the cryptocurrencies. Cryptocurrency is transparent, although some are strictly anonymous.

Exactly, but there are limitations, and one of that is what you've mentioned that you can't move it in different boarder as you'll certainly be put in question, and it's not also good to keep a cold cash for long term as that paper money will soon depreciate and some countries are even printing new bills which would make the old bill loss its value if time to convert it to a new bill will lapse.

That is true but I don't think that these gangs or syndicates would just go through a bank, right unless they have a plan like they have these fake bank accounts that they can use. There are a lot of times where I read about banks have these fake accounts that is registered in a name that don't actually exist and usually, they use that to transfer a huge amount of money.

Philippines is one of the country that China mostly invade but not specifically invade like take our land and people but invade like there are too many chinese people here in the Philippines and they do all their businesses here. Middle class  businesses and even if big time businesses, they target to live in the Philippines because of the bond of china and the current President in here is strong. I honestly don't like the way chinese people are living in our country because they make it look like it is theirs which is legally and truthfully nit.

Its true that Gambling in China is illegal but the fact that its not being stopped means some officials are still tolerating gambling. Its also possible for the Chinese people to create Offshore locations like Philippines. There are a lot of Chinese workers that work within Casinos and they are creating a lot of money from that. These people should be held accountable for the Illegal things that they are doing by the Chinese government.

Gambling in world lots of things we cannot officially say about this is the thing happening now yes some illegal people are also there but not everyone involved in this I will definitely say there are lots of people using this for good purposes also

I think that is one of the reasons why some chinese migrate in the Philippines. In Philippines, some of gamblings are illegal but it is lot more have legal gamblings like casinos. And one thing I actually see is that there are lot of chinese players in casinos. Gambling isn't that bad and for me it is one of the best and easiet way in earning some profits as long as you know how to play, strategies and different kinds of knowledge. But gambling become so bad for people when there is greed. I gues that is the reason also why people use gambling for illegal purposes like scamming, because of greed.


I also agree to the idea of many people are using gambling for good purposes than to those people who doesn't. Gamblers must overcome the stage where they will become greed of profits and make things that aren't things that they are doing before like some illegal activities in gamblings.

China just really want the money to circulate around their economy, and would even go so far as to pin down other industries in order to further their goals in the expense of their citizen's activities. They are trying so hard to instill control and it really sucks. No wonder why a lot of Chinese are immigrants on lots of countries in the world wherein they can enjoy their lives free from constant surveillance and threat from the communist country.

The narrative that gangs use crypto gambling for laundering is far-fetched. Most gambling platforms in crypto require KYC in compliance with AML regulations. Also, there needs to be some way to convert their money to bitcoins, and China has been cracking down on OTC brokers for years. The story doesn't add up, really.

Money launderers usually place the proceeds of crime into the financial system or change its form so that it's easier to move or disguise, and that makes it difficult to trace.

Although Bitcoin and other cryptocurrencies can be used as a new tool for money laundering, but not all perpetrators are willing to use this method. Because some of them don't understand what cryptocurrency is and they have to face a KYC process if they want to withdraw these assets through exchange services. Because of this, many of these perpetrators prefer to use conventional methods which are considered safe and they have already known the mechanism (by saving it in Fiat or placing it in a bank abroad).

Indeed. Chinese people have the guts to continue their illegal activities here in the Philippines, such as selling drugs, because the Philippines have a huge debt in China. That is why they can freely do whatever they want in our country, and they can get out of prison in no time. I think that other countries such as Sri Lanka, Papua New Guinea, Kenya, and South Africa are also experiencing the same problem as us that they have lost the peace of their homelands because they cannot pay Chinese debts due to high-interest rates.

they are using crypto to evade taxes from the government, at the same time it's illegal, and they know that even if it's legal there is a chance that the government, will get a large part of the money, so these people are using cryptocurrency to escape the law in their country, at the same time they may also hide their wealth

Avoiding taxes is certain because China is very tax-sensitive.  China is a country that adheres to Maoism (communist-capitalist) so business people there must obey the state and also obey taxes.  An almost similar case was when the IPO of Jack Ma was frozen by the Chinese government for reasons of indications of controlling the market (https://www.bloomberg.com/news/articles/2020-11-03/jack-ma-s-fortune-slumps-3-billion-after-ant-group-ipo-freeze).  That gambling gang will not be able to escape from their obligations, even if they use cryptocurrency as a means of transferring funds..

well what many people think maybe there are statements that are not quite right, because sometimes the government makes taxes to improve facilities and development in the country, now you have to be able to think, where does the money come from the government to build expressways and improve state infrastructure? the money is all from the taxes we pay.

Does he know what are taxes for? Or maybe I should assume he's more to that, meaning, he thought government gaining taxes will be put directly to their own pocket, sadly, it's not like that. Those people who did use crypto as a gateway to escape taxes are the bad ones that doesn't want to comply of paying taxes, although it's understandable that the taxes for a huge money transfer is still huge that's why they did that but it's not the right thing to do.

Criminal minds or people who doesn't really like to pay taxes wouldn't mind much nor being concerned on what happened into their economy or solely speaking that its none of their
business and they would do such acts that would really benefit them out.

Its neither for personal reason on why they don't pay up taxes or into other reason yet there are a number of plausible things that's why people cant just make out such
payment or taken some part.

Illegal purposes? Is this something new to discussed on? Of course crypto would be much preferred due to anonymity features.

I agree. It looks more like the scary stories totalitarian regimes use for terrorizing the uneducated majority of their people. In fact, the most dangerous gang sits in the government, robbing ordinary people with the help of the army and police force.

You hit it on point! Those who are in position are more dangerous and capable of laundering tons of money. Of course, they will make it legal on their citizens' eyes. Maybe, this is just another scapegoat to more pressing matters and to give bad notion about crypto to the people, to mislead them about its true benefits.

If government feels that money used for gambling is illegal source of money then they can't do anything about it because people have their needs and legally gambling on other countries because its is illegal in their origin,it won't be the case if the cryptocurrency made legal there.

I think the real problem here is that gambling, as well as cryptocurrencies, provides people with freedom and the Chinese government wouldn't that, right? They just fear the possibility of common people getting rich and independent because that might destabilize their system. You seem surprised that they accuse of "conspiracy against their nation", but I think it sounds exactly like the thing the communist government would say about people, who threaten their system.

I don't think so, it's not possible that people or gamblers will get rich in gambling, I'm talking about the majority of gamblers actually, so the government should not fear that as they will just regulate anyway and will consistently receive taxes from the certain operations.

not getting the point of your statement, sorry mate.

Conspiracy? that's something to prove, but as AFAIK, when gambling is regulated, it's easy for the government to track transactions within as they have the power to do it, and it will be easier for them to do their job.

Well, actually, fiat are more often used than cryptocurrency for illegal business. Crypto only creates a new methods for people to laundering their money. If a person decides to involve in illegal businesses, he will definitely try to avoid the government as mucch as they can. Though, there is nothing guarantee that they can escape from the government with this new payment gateway

Maybe that reason is right, so the government limits people to become rich in many ways. Only people who closest to them will allow them to become rich to support the government, and the other people will not be the next rich people. With crypto, the gambling gang can use crypto to hide their transaction, and they can send the money without any people can track.

Fiats are still the most common tool for criminals nowadays but soon cryptocurrency will become their new bestfriends most especially if they can master to utilise privacy coins it will become another headache for the authorities. Who would use privacy coin anyway? Unless for whatever purpose that somebody wants to conceal.

As the financial system slowly changing authorities also have to adjust so that they can’t be outsmarted by criminals, I believe the governments and authorities has enough resources to tackle these new challenges.

Everything is a conspiracy against their country anyway,so wht makes this issue so different? Besides, cryptocurrency is basically intended for these purposes so it is to no surprise that you will see someone laundering their money. It is what they use the money that they won. Or if they've got the money through legal means. And a Gambling Gang? For reals?

There are still many criminals who think crypto is safe to use for money laundering, even though in fact it is easier
to track crypto transactions. Unless the gambling gang uses service mixers or privacy coins, it is indeed more difficult
to track. But I believe the gambling gang uses Bitcoin to transfer funds abroad, so finally the Chinese government finds
out about the transaction.

They'll have this favor and that anonymity helps these people to continue their illegal activities as they are no longer traceable by the authorities. It can be their advantage and I know that they can't be easy to find knowing that they also have protected by some known personality or even from the high-rank officials.

These kinds of activities can no longer stop but instead, to see them growing as they are taking this advantage. But I know that cybercrime groups will find solutions to this in the coming days.

Since it us usually the banks that are easier to track, criminals find more ways to atleast changed their path by using crypto. I think they were doing and using different ways from crypto to bank to other persons and different countries to make the transaction too long to determine or to track. They've plan it well especially it's from illegal doing as well have huge money at risk to lose.

If many countries will impose strict laws and regulations about crypto it could help lessen these activities. Countries can set a minimum amount of crypto to fiat exchange monthly or annualy. They could ask many papers to backup the source of crypto of their citizen. If the criminals found out there are many processes to convert bitcoin into fiat then they would think twice or find other country where it's not that strict to convert crypto to fiat.

I don't agree. If many countries will impose stricter laws and regulations against cryptocurrency to control its use in illegal transactions, that does not automatically lessen illegal transactions. Criminals would not decide to not continue with their illegal operations just because the laws and regulations against cryptocurrency are getting tighter. They might be discouraged to use cryptocurrency though. But that does not mean criminals and their activities are lessened. They will just try to explore other options. There will always be other options.

Yeah, I mean, Gambling Gang, seriously? The biggest gang in China is their government, and Liao Jinrong, being a senior official, is a part of it. I hope the new generation of Chinese people will sweep away this corrupted to the bone government, and China will be able to breathe freely.

That's why it is called illegal doings right, and doing illegal was called criminals meaning to say they are against the law. Its true that even the government imposes a more stricter laws and regulations about cryptocurrency those criminals were definitely continue their wrong doings even it was a pro or against the law. I guess they can't lessen the criminality but they can impose proper used and regulation of cryptocurrency in their society and economic growth.

Yes it will be, but we all know that bitcoin is being used in illegal and in the illegal web since they are using that for anonymous transactions, and later on it introduced in the public and become one of the best mode of payment in different categories and in become a good investment as well, and for now, there are some banks who recognize it as well. But illegal purposes cannot be eliminated not unless government will take care of it, regulates it, but when this thing happens, taxes can be put in every transactions.

I don't think it's going to happen, they have control on everything and they communist party is so good in controlling everything that any form of rebellion will not succeed, I like the communist China than the communistic way of ruling of North Korea.

Yes and Chinese government is actually more caring than the North Korean ruler and no matter what we way one can see how they controlled the covid-19 spread in their country which actually started from them so no matter how much we hate them but they are good for their people at least.

Now coming back to the use of gambling crypto funds for illegal activities, look you cannot control that because its decentralized and the casinos will not give any details about their players so it is nearly impossible to control such activities. Many gamblers are evading taxes by using crypto and things like these will continue forever as long as cryptocurrencies exists.

I don't think imposing stricter laws and regulations will totally stop the illegal doings in crpyptocurrency. Strict laws and regulations is already implemented in fiat system and still same issues still happens. No matter how strict your laws are criminals will always have money to open up free way for them. It might lessen or totally stop small groups from doing it but big groups like what op mentioned I think not.

I do not know why the government should ban gambling if not for only self-centered reasons, I do not see this kind of way as laundering money. Also in the so called China, cryptocurrencies are banned but mined the highest cryptocurrencies in the world. And we should also know that fiats are much more used for illegal activities than crypto. Crypto only give the advantage that you use it as payment and have privacy that the governments want to compromise
 

So true. The communist Chinese leaders already controlled everything, whatever they'll wanted to make will automatically happened along the way. Though it's better than how North Korea's way of communism.

Moving back to this topic, if there's some possible threat or something that the government sense that illegal things are happening they'll do actions as quick as they can to manage and stop the possibilities of letting things to grow around.

Chinese leaders are afraid that something that uncontrollable may happenedstopping is only option that they know.

Yes that's why I think gambling is not really going to be banned in different countries because it is being used illegally, but we can't erase the fact that due to this reasons more and more people think badly in bitcoin especially those who doesn't know bitcoin or what is the real purpose of it, you have a point that they use fists more often in badly things but sarcastically it is not being banned, they use cryto payment in some things only like website hacking, ddos and payment in btc will be the payment for them to release it back and so on. Everyone is free to use bitcoin and other crypto currency it is depend on them to where would they put that in.

Bitcoin transactions aren't really untraceable because one can monitor all incoming and outgoing transactions on the blockchain itself. Added with the fact that, during exiting the scam, the scammer/criminal would sell their coins for fiat and to do that in huge amount, one has to be KYC verified in most exchanges. That's why I support KYC in crypto exchanges.

Crypto currency developers have never set a goal to create cryptocurrencies for criminals. You don't speak correctly. Crypto currencies were created so that we were free from banks in making payments. So that we can do this anonymously.
If criminals use crypto currencies, it is not the fault of crypto currencies. Cash is also used by criminals, but no one accuses the state authorities that they created a currency for criminals.

This is interesting to know, so there is at least some truth to this and the Chinese government is not simply just overreacting, when I first read this I thought that this was just another example of the Chinese government trying to exert control over their citizens in any way they can but it seems this is an actual problem over there.

However it does not matter what they do this is a case of bitcoin being bitcoin and if they want to catch those criminals making use of bitcoin in order to escape their surveillance then they will have to do it like every country of the world does it and begin to investigate the people behind all of this.

Money laundering happens every minute and big governments should find another excuse to blame the anonymous nature of the crypto industry. The untraceable cryptocurrencies are anonymous payment method in dark gambling markets and the 14 eyes countries hate to make research about illegal crypto transactions. The China government is shady too and has accepted tricky decisions for unfair competition on global markets.

I am surprised about just one 1 single gang could gain so much attention by government, mass media and police!
it's something new for criminal business, but it is a real very tiny fraction of the total illegal masses of money traded by illegale buinesses.
this is just an apology before launching some other restrictions to crypto owners and crypto exchange ::) ?

In fact, cryptocurrency is only one tool that can be used among several other options, and gambling is one of the mediums that can be used to launch money laundering activities. It's just that when cryptocurrency is used as a medium to commit criminal acts, then cryptocurrency anonymity will be blamed, especially decentralized crypto which is not issued by any central authority making it difficult for government interference.

I think the government's inability to be able to control the blockchain system is what causes them to blame cryptocurrency and its system.