India claims $6million from illegal Chinese gambling operators

The Enforcement Directorate has acted swiftly, suspending HSBC Bank accounts that were reportedly connected with the operations. Authorities conducted physical raids in Gurgaon, Mumbai, Delhi and Pune.

According to official reports, the Chinese operators had collected as much as $176m from Indian players. The ED also explained that the Chinese operation had run deep into the country, creating dummy corporations headed by Indian straw men before those were replaced by Chinese nationals.

Indian security authorities have been also concerned with whether China had used the gambling operators to mine data. Indian authorities said Chinese gambling companies have put a significant effort into driving new customer signups and a greater overall acquisition.

However, China has been quick to assist Indian authorities, turning to Internet Service Providers (IPS) and issuing a ban ordinance for all identified gambling operations. Meanwhile, Indian players remain caught in a rather lawless gambling environment where illicit operations are taking advantage of people’s personal data and finances.

One way to work around the issue is for Indian players is to turn to cryptocurrencies as they have. Operators such as Bitcasino, Cloudbet, and FortuneJack have all been suppliers of excellent gaming options.

However, India has been planning a blanket ban on most cryptocurrencies, making it somewhat more difficult for Indian casino players to enjoy a safe and secure online casino experience.

Looking for your next crypto casino? Check out: Bitcasino, Gamb.co or FortuneJack.

Written by Tudor

Works as a developer and helps keeps the digital cogs turning. Leave them alone, they're busy.

Similar News