China Seizes Over $32 Billion in Illegal Gambling Cash

China is known to be vehemently anti-gambling having outlawed it when the Communist Party came into power in 1949. Unlike other countries which do not allow gambling companies within their borders but still allow their resident to gamble offshore, it is illegal for Chinese citizens to gamble online or even while they travel overseas.

The Walls Have Eyes

To staunch a growing illicit online and travel based gambling industry China implemented a citizen tip-line where “concerned citizens” can report people they believe to be gambling illegally.

Since the hotline's inception in February 2020 they have had massive success with:

• total financial seizures of $32.4 billion
• more than 11,000 arrests relating to gambling and money laundering
• the shutdown of nearly 370 gambling websites

Any person turning in a tip that leads to conviction will be rewarded, however, there is also the risk of “stern measures” for those found to be falsifying their reports.

 Looking To Hainan

It has been reported that the Chinese government is planning a world-class blockchain hub in the Hainan province.

They intend for Hainan to become an alternative to Hong Kong in terms of technological development and economic empowerment. One of the developments that have been hinted at for the Hainan blockchain centre is gaming products.

Naturally, this has led to speculation that China could have plans for its own crypto-based gambling product.

 Blockchain Gambling Is Now

Far from being the product of the future blockchain gambling is already a thriving market. If you are interested in the blockchain technology and cryptocurrencies you can always consider established brands such as Bitstarz casino, Bitcasino and 7BitCasino.

Before deciding to play at any online casino we recommend becoming acquainted with their bonus and promotional terms of service to ensure you are getting what you expect from the experience.