Illegal gambling in Asian football increased partly because of crypto?

[Ucy]

It's probably thesame way sites or online things that are banned in other countries are accessible in other countries.
I guess the best way to handle this problem is to ask the sites to censor or block people  from the countries where those things are illegal. But what if they use VPN? Harder censorship? Too much of such censorship not a good idea in my opinion. It could be abused eventually.

I the problem could be handled better on Blockchain/decentralized systems. Too dangerous on centralized systems or societies.

[mirakal]

This calls for a legalization of crypto then, if the government won't act on legalizing crypto, it will continue to be use for activities like gambling.
With that nice, I think it's a positive news for the crypto market because more and more people are using crypto to gamble, and me personally being a gambler I am more comfortable using crypto than a wire transfer where my information is being shown to the interested party.

[Debonaire217]

Cryptocurrency had become a safe haven for illegal activities. It is not actually shocking that illegal gambling will use crypto in their activities since it offers anonymity. It is just sad that Satoshi dis not intend for crypto to be used to that extent.

It is not the cryptocurrency that is the safe haven of illegal activities, it is the gamling sites that uses cryptocurrency in a negative way that makes its reputation go the other way around instead of gaining positive trust from the people.

In terms of running a gambling games, gambling industry should have their own standards that will check, whether a particular gambling site is adhering the their protocols to ensure that transactions and games are legal, and will not induce people to tolerate the use of it without adhering to the rules.

[mu_enrico]

Yep, crypto, especially Bitcoin, is neutral money, and you can do good things or bad things with it. It's up to the users what they will do with their money. It's not someone else's business.

However, for the so-called "privacy coin," that's entirely different because it has a built-in tumbler to anonymize its transactions; in other words, it's no longer neutral. This situation is terrible because governments now have reasons to crack down the crypto industry.

Anyway, CMIIW, they could still play sports betting legally on licensed sites, such as bet365. https://onlinebettingcodes.co.uk/bet365-legal-countries/

I hope they will accept Bitcoin payment directly (without Neteller).

[mersal]

That's according to this news report https://uk.reuters.com/article/uk-soccer-asia-corruption/soccer-asia-sees-sharp-decline-in-match-fixing-says-afc-idUKKBN2080EN

After linking bitcoin and other crypto with money laundering and online crimes, here comes another issue 

...traditional payments from financial institutions and wire transfers have switched to methods like cryptocurrencies or even payment in kind.

We have observed an increase in adoption of cryptocurrency as a payment method for illegal activities and a medium to bet.

It doesn't sound good that crypto is being used by illegal gamblers but it is just a medium of exchange that any individual can spend like fiats. I guess they found crypto, being borderless and censorship resistant currency, more practical to use for gambling.

And also there is another accusation that gambling sites were used to mix stolen bitcoins and launder it into safe money when they move to their wallet but at the end if they are using a service to bet they will get caught at some point just like what happen with banking transactions.And if someone using cryptos they can never erase the trace of their transaction this could be seen as an advantage to identify who is abusing the payment.

[traderethereum]

I am not sure about that, but yes, cryptocurrency helps people to play gambling without their government knows their activity in the gambling games. People can hide their identity, and that can increase the number of people playing gambling. But I don't think that people only use crypto for playing gambling because many people use crypto for good things. Sometimes they only say or expose something bad that is happening around them, but they don't say the good thing that already happens in society. So people will think that crypto is only for illegal things, but crypto is more than that.

[btc_angela]

Yes, it could be that some bad actors are taking advantage of crypto and used it as a tool for illegal gambling. But it doesn't mean that crypto per se is bad.

I wouldn't list the positive benefits of it, but as crypto enthusiast, we already know it. Sooner or later though, this criminals will be caught by authorities. And btw, fiat system has been abused and used by illegal criminals or bookies as well.

[KTChampions]

Convenience for use in illegal activities is a fundamental property of cryptocurrency (because in the crypto there is no division into legality and illegality). Therefore, in such news there is nothing surprising. The bad news is that under this pretext, governments can begin to destroy the cryptocurrency industry. Tight regulation I also call destruction, as this contradicts the basic crypto principles.

[Oilacris]

Yes, it could be that some bad actors are taking advantage of crypto and used it as a tool for illegal gambling. But it doesn't mean that crypto per se is bad.

I wouldn't list the positive benefits of it, but as crypto enthusiast, we already know it. Sooner or later though, this criminals will be caught by authorities. And btw, fiat system has been abused and used by illegal criminals or bookies as well.

I tend to disagree into the point that sooner or later they would be caught.Using up crypto is the best recipe on doing illegal acts due to anonymity which is really hardly to be traced.

These kind of news arent already surprising if were to say yet weve been slapped for a thousand times on negative news that do only emphasize cryptos negative usage.

Why they cant post up illegal thing while using fiat?

[swogerino]

I think that crypto is not the main reason because I know illegal gambling activity,match fixing and other related illegal activities has been happening in Asia since the early 2000 or may be earlier.I don’t know if you guys remember sbobet.com that was the biggest global gambling portal in the 2000 and up to 2010.They accepted huge amounted bets for low divisions like 8th or 9th in Norway,Denmark and Sweden and people who placed those bets strangely lost them even if they were convinced of having valid info that the match was fixed.Probably the people running sbobet fixed for themselves.This has been going on at those times and I think it still does in some other illegal forms.

[Naida_BR]

From the time of creation Bitcoin and cryptocurrencies are blamed for money laundering.
We cannot say that it is not used for that, it is a real case. However, only the opponents are going to keep this as a feature of Bitcoin and neglect all the other positivities that stem from cryptos.

[Lakai01]

From the time of creation Bitcoin and cryptocurrencies are blamed for money laundering.
We cannot say that it is not used for that, it is a real case. However, only the opponents are going to keep this as a feature of Bitcoin and neglect all the other positivities that stem from cryptos.

The funny thing is: switch "Bitcoin" wirh "Dollar" and your statement is still valid. Bitcoin has a real value in Dollars, so it is no surprise that it is misused as a way to launder money, pay drugs and so forth, but so is almost ANY currency out there.

Regarding the topic:
Illegal gambling and sports manipulation is as old as competitive sport is and has nothing to do with Bitcoin. Of course it is used for such manipulations, too, but as said, almost any currency is. 

[MWesterweele]

From the time of creation Bitcoin and cryptocurrencies are blamed for money laundering.
We cannot say that it is not used for that, it is a real case. However, only the opponents are going to keep this as a feature of Bitcoin and neglect all the other positivities that stem from cryptos.

The funny thing is: switch "Bitcoin" wirh "Dollar" and your statement is still valid. Bitcoin has a real value in Dollars, so it is no surprise that it is misused as a way to launder money, pay drugs and so forth, but so is almost ANY currency out there.

Regarding the topic:
Illegal gambling and sports manipulation is as old as competitive sport is and has nothing to do with Bitcoin. Of course it is used for such manipulations, too, but as said, almost any currency is. 

in spite of anything still Crypto will be remain whether it used it in illegal or not, also not only Crypto can used for illegal gambling because most of the time they used fiat, they only used crypto when they know its really forbidden by law to not discover by investigation. Even crypto is the reason why illegal gambling is increase still there's a lot thing about that why many people are interested to it.

[goinmerry]

From the time of creation Bitcoin and cryptocurrencies are blamed for money laundering.
We cannot say that it is not used for that, it is a real case. However, only the opponents are going to keep this as a feature of Bitcoin and neglect all the other positivities that stem from cryptos.

But that's not what the topic is all about.

The topic is pointing out that illegal gambling partly increased since everyone can gamble with cryptocurrencies and people will get away from the countries regulation and law about gambling.

They have a point as people can gamble even in a country where gambling is declared illegal with the use of crypto. These gamblers have the freedom to gamble whenever they want.

Why they cant post up illegal thing while using fiat?

Read and understand fully the article mate lol.

[slaman29]

Cryptocurrency had become a safe haven for illegal activities. It is not actually shocking that illegal gambling will use crypto in their activities since it offers anonymity. It is just sad that Satoshi dis not intend for crypto to be used to that extent.

Don't fall for the headlines and do your own research. It has been pointed out so many times, even by both sides of the regulation that so little of Bitcoin and crypto activity is related to illegal activity.

Banks and fiat currencies and other jurisdictions are safe havens. Not crypto.

[sheenshane]

This isn't a new one, it is the same scheme has been here since day one. Most of them are created by Chinese nationals. It's just that its really easier to make transactions with cryptocurrencies.

Illegal gambling is really one of the reasons why the governments are noticing the crypto-space already. I hate it when I see these kinds of news on my screen. But we cannot do anything about it but to avoid joining the same schemes, that basically it.

The day will come and the Bitcoin will be fully regulated by the government(ain't know when its gonna happen or never be happen). The sense of Bitcoin gambling will die then.

[joshy23]

From the time of creation Bitcoin and cryptocurrencies are blamed for money laundering.
We cannot say that it is not used for that, it is a real case. However, only the opponents are going to keep this as a feature of Bitcoin and neglect all the other positivities that stem from cryptos.

It's been used as we knew about it, but it's already evolving and many investors and establishments who also seen the benefits of this industry. We should look for the good side and not being stuck with the bad things that being broadcasted around the news. Look for the best side and aim to earned from this market.

[White Christmas]

This isn't a new one, it is the same scheme has been here since day one. Most of them are created by Chinese nationals. It's just that its really easier to make transactions with cryptocurrencies.

Illegal gambling is really one of the reasons why the governments are noticing the crypto-space already. I hate it when I see these kinds of news on my screen. But we cannot do anything about it but to avoid joining the same schemes, that basically it.

The day will come and the Bitcoin will be fully regulated by the government(ain't know when its gonna happen or never be happen). The sense of Bitcoin gambling will die then.

It is pretty obvious that there are really illegal gambling in any games especially with sports and even Esports, there are so many illegal gambling that is happening but the thing is they are using cryptocurrency especially bitcoin in their gambling or making transactions because they already know that it is really easy to make a dealing transactions through the use of cryptocurrency so many gamblers and illegal gamblers are doing it. I hate to admit it but it is true about what you have been said about the government is noticing cryptocurrency because of the reason that a lot of illegal gambling is rising because of this so called cryptocurrency.

[KTChampions]

Cryptocurrency had become a safe haven for illegal activities. It is not actually shocking that illegal gambling will use crypto in their activities since it offers anonymity. It is just sad that Satoshi dis not intend for crypto to be used to that extent.

Don't fall for the headlines and do your own research. It has been pointed out so many times, even by both sides of the regulation that so little of Bitcoin and crypto activity is related to illegal activity.

Banks and fiat currencies and other jurisdictions are safe havens. Not crypto.

I don’t understand why you argue with him. The fact is that cryptocurrencies have the properties of fiat money (anonymity), but they can be exchanged online. This makes them very convenient for criminal activities. The fact that other types of money are also involved in crime activities does not cancel this fact.

[Theb]

Ever notice the news about statistics of illicit activities tied up with crypto doesn't follow up with updates regarding to arrests and seizure of operations? It really makes me wonder how the hell they even generate this data in the first place if you won't see any kind of action taking place after they provided it. I know Reuters is a reputable website to get some news in but what they provided is some kind of skit where it lacks informatio, they didn't even provide how Transparency International has come up with those numbers in the first place they simply just cut it off with the number without further explanations. Illegal gambling has existed for years now and suddenly this becomes a concern when cryptocurrencies are involved?