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China is in the process of beefing up its efforts to tackle online gambling, which includes creating an online blacklist and increasing scrutiny of monetary transactions.<\/p>\nChina is in the process of beefing up its efforts to tackle online gambling, which includes creating an online blacklist and increasing scrutiny of monetary transactions.<\/p>\n
Chinese Ministry of Public Security held a meeting last week on combatting \u2018cross border gambling\u2019 . During the meet, Minister\u00a0<\/strong>Zhao Kezhi\u00a0called on officials to investigate \u201ca number of major cases\u201d of online gambling operators, who are running the show from other countries and serving Chinese customers, in order to \u201ccompletely destroy a group of criminal organisations.\u201d<\/p>\n The minister said that it was \u201cnecessary to establish a \u2018blacklist\u2019 system for participating in gambling and employees and overseas tourist destinations.\u201d The ministry is also looking to \u201cstrengthen the \u2018fund chain\u2019 and \u2018technical chain\u2019 governance measures and resolutely cut off the channels for the circulation of gambling funds.\u201d<\/p>\n On Monday,\u00a0China UnionPay, a major Chinese online payment platform,\u00a0followed up on Zhao\u2019s call and announced that some of its allies were failing to \u201ctake effective measures to curb illegal elements from engaging in illegal trading activities.\u201d While UnionPay\u2019s statement also spoke about sketchy loan arrangers and other \u201cillegal public merchants,\u201d it reminded its partners that they are not allowed to do business with online gambling and online lottery platforms.<\/p>\n China UnionPay also warned its partners to \u201cstandardise the display of transaction information, accurately reflect the names of real merchants and acquirers,\u201d while reminding of \u201clegal measures\u201d for unauthorised use of the UnionPay brand.<\/p>\n These kinds of pronouncements are often made by Chinese officials, such as the\u00a0\u2018Gambling Prohibition Publicity Month\u2019\u00a0announced in the month of January. That effort has been reported to result in 22 major gambling interruptions, of which 13 involved online betting sites.<\/p>\n It is possible that the Ministry may have felt pressured to issue its latest anti-online statement due to the ongoing coronavirus crisis. The government\u00a0had suspended all lottery operations\u00a0in the middle of January to prevent citizens from gathering in retail outlets, imposed severe\u00a0travel restrictions to Macau casinos\u00a0and even arrested individuals who defied orders to not to congregate in private mahjong games.<\/p>\n In the process of doing so, the Chinese government had ended up depriving its citizens of their only legally accessible gambling opportunities. As a consequence, the government may have noticed a recent surge in local residents\u2019 efforts to access internationally licensed online gambling operators. Hedge fund manager Jason Ader recently claimed that China\u2019s\u00a0daily online betting statistics had risen 90%\u00a0year-on-year during the Lunar New Year holiday period.<\/p>\n","protected":false},"excerpt":{"rendered":" China is in the process of beefing up its efforts to tackle online gambling, which includes creating an online blacklist and increasing scrutiny of monetary transactions. Chinese Ministry of Public Security held a meeting last week on combatting \u2018cross border gambling\u2019 . During the meet, Minister\u00a0Zhao Kezhi\u00a0called on officials to investigate \u201ca number of major […]<\/p>\n","protected":false},"author":4,"featured_media":28057,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,3,8,7],"tags":[],"class_list":["post-40796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","category-igaming","category-latest","category-macau"],"yoast_head":"\n