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Cryptocurrency helps ship 1 trillion yuan out of China to casinos, gambling every year

At least 1 trillion yuan (US$145.5 billion) worth of
funds flows out of China into gambling activities every year,
aggravating the country’s economic and financial security risks,
according to a senior official at the Ministry of Public
Security.Gangs running illegal gambling operations use digital
currencies to collect and transfer funds, making it difficult to
trace the source and adding significant challenges to
investigations, said Liao Jinrong, the director general of the
International…