Topic: Gambling Gang uses crypto for illegal purposes - page 7. (Read 1368 times)
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.
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 Online casinos can easily trick, they just only need to use a VPN.
totally stopping it would really be impossible yet accessing have lots of ways without being caught.
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.
Online casinos can easily trick, they just only need to use a VPN.
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.
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 ?
Plus many sites are banning VPN usage so how does it affect you ?
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.
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 .
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.
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.
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.
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.
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.
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. 
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 ?
Plus many sites are banning VPN usage so how does it affect you ?
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.
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.
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 ??
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 ??
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.
-skip-
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.
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?
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.
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.
Quote
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 ??
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 fiatQuote
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 ?
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 wellThat'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 ?
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.
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.
Yes that's the whole thing, the government is too uptight about this.
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 .
And knowing that this is from China?no wonder this comes possible .
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.
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.
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.
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.
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.
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.
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.
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.
Not only their nation but I believe that this is a worldwide effect.
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.
Personally, they should legalize gambling for economic purpose. Thid industry brings billions of dollars each year. Its not too late to change.
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.
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.
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
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.
Jump to: