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China to Launch “Digital Currency Electronic Payment” to Combat Illegal Online Gambling

china smartphone

The People’s Bank of China (PBoC) may launch its own digital currency in the next 18 months, the world’s first state-backed cryptocurrency ‘’Digital Currency Electronic Payment’’ (DCEP). Among other aims, DCEP is designed to combat illegal online gambling, a real scourge for China. Chinese is the most gambling-addicted nation on the planet, studies have shown.

Sportsbet Is Ordered To Pay Approximately 5.500.000 Euros

Australia’s largest online bookmaker Sportsbet is ordered to pay approximately 5.500.000 Euros of unfairly cancelled bets, Australian media reports. This could only happen in a country with strong institutions like Australia, where fellow bettors can raise their voice.