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Police arrested 540 people involved in gambling platforms who offered betting support in Bitcoin Ethereum and Litecoin organized as part of the Cup of the football world 2018.
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Chinese police arrested hundreds of people in Guangdong City involved in online gambling platforms, which facilitated betting with 1.5 billion dollars in cryptocurrencies Bitcoin .
A large police operation involving 21 Guangdong public security authorities cracked down on football betting at the last FIFA World Cup, which led to the arrest of some 540 people suspected of having organized online betting circles. Gambling is illegal under Chinese law and simply participating in these online games or facilitating a gambling platform involves criminal liability.
In an advertisement, the Provincial Department of Public Security Guangdong only pointed to a specific online gambling platform, the name of which it did not mention, which traded more than 10 billion yuan (RMB) ($ 1,500 million) in cryptocurrency bets. The gaming platform offered support for bets in Bitcoin Ethereum and Litecoin according to the announcement.
In the 8 months since its launch, the gaming platform has attracted more than 330,000 members
Authorities have accused the platform of accumulating profits through a pyramid scheme who encouraged members, or " agents ", to bring others to increase their own commissions . In addition, the bookmaker would also have managed the odds of online betting in proportion to the size of the bets to allow a small number of people to win, according to the authorities.
Authorities also arrested " six key members " behind the gaming platform across China, assets frozen more than 5 million RMB (about USD 750,000) and confiscated crypto asset that would exceed 10 million RMB (about 1 million). US $ 5 million.)
During the operation, servers, computers, smartphones and bank cards were seized, and the authorities closed seventy mobile applications and sites, as well as 250 groups of cat online
"[Este caso] is the most representative [ejemplo] of a new form of online gambling on football added the Guangdong Authority Source : NCC
By Hannah Estefanía Pérez / DiarioBitcoin
Image from Wikimedia Commons
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