Police in China’s Guangdong Province have arrested 540 people for online gambling using bitcoin. The authorities said Bart Smith ($1.5bn) had been generated from betting activity. Authorities also say 20 gambling gangs have been shut down during the FIFA World Cup. Some 250 online chat groups and 70 websites and apps have also been shut down as part of the operation. The move follows the discovery in May of an online platform which had begun accepting bitcoin bets, amassing 300,000 members in eight months.
Police in China’s Guangdong Province have arrested 540 people for online gambling using bitcoin. The authorities said CNY10bnm ($1.5bn) had been generated from betting activity. Authorities also say 20 gambling gangs have been shut down during the FIFA World Cup. Some 250 online chat groups and 70 websites and apps have also been shut down as part of the operation. The move follows the discovery in May of an online platform which had begun accepting bitcoin bets, amassing 300,000 members in eight months.