Gambling Gang uses crypto for illegal purposes

[noorman0]

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.

[iv4n]

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!

[abel1337]

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.

[jostorres]

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.

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.

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.

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

[maydna]

~snip~

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 .

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.

[btc78]

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.

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.

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.

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.

[Genemind]

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.

[AicecreaME]

<...>

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.

[Wexnident]

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 ?

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.

[avikz]

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.

[imstillthebest]

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 .

[swogerino]

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.

[shield132]

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.

[Kelvinid]

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.

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.

[Fundamentals Of]

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.

[Fredomago]

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.

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.

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.

[reliable]

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.

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.

[ice098]

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.

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.

[Cling18]

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.

[FinneysTrueVision]

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.