The Payment & Clearing Association of China Issues Warning to Prevent Cross-Border Gambling Fraud Involving Virtual Currency Top-Ups

CoinFeed July 5 news, the Payment & Clearing Association of China issued a warning to prevent cross-border gambling fraud involving virtual currency top-ups, aiming to help the general public enhance their awareness of anti-fraud and anti-gambling and abilities to prevent and identify scams. The Payment & Clearing Association of China reminds that cross-border gambling always results in losses, participating in gambling through virtual currency has stronger concealment and higher risks, participation in gambling and providing fund settlement for gambling activities are illegal and prohibited, do not participate in virtual currency gambling transactions, and safeguard the bottom line of fund security.