China Issues Gambling Payments Warning

  • Security officials promising tough, multi-agency scrutiny
  • Cryptocurrencies contributing to $147bn in gaming outflow
  • Beijing hikes political compliance rules for private sector

Chinese law enforcement officials are signalling even tougher measures against gambling transactions as Beijing looks to ramp up political and ideological control of the private sector. 

Liao Jinrong, director of the Ministry of Public Security’s Bureau of International Cooperation, promised on Thursday an even tighter crackdown on illegal gambling and payments channels after reporting that around 1trn yuan ($147bn) in gambling funds leaves China every year.

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