Bitcoin Gambling in China

w w w. c o i n p o i n t . n e t

CoinPoint is an online marketing agency catering to the Bitcoin markets

BITCOIN IN CHINA

Bitcoin is restricted in mainland china.(People’s bank of China) – Trading by individual – Allowed.

The amount of Bitcoin “located” in China is unknown butit is known that China is a big player in the Bitcoin market.

70% of the trading volume back at September 2014 was Chinese.

A lot of the Bitcoin mining is done in China.

GAMBLING IN CHINA

GAMBLING IN CHINA

Officially Illegal (except state run lotteries)

Legal in Macau (regulated)

In 2013, Macau Casinos generated 45.2 Billion USDwhile Vegas in comparison only 6.4 Billion USD.

Illegal Online gambling in China is estimatedto generate around 21 billion USD.

Money Laundering in China

THE BITCOIN MATCH/SOLUTION

Transfer funds to Macau/outside Chinawith no restrictions/limits.

Hard detection – load bitcoins on a cardand nobody will know (cash transactions).

HOW GAMBLING IN CHINA WORKS?

Gamble online anonymously.

Easy to buy and sell.

Instant transactions.

Transparent transactions.

Provably fair as a concept.

BITCOIN GAMBLING ECO SYSTEM

Online and Macau Gambling

Junkets and Agents

Banks and Credit Cards

Instant Withdrawals and Live Dealers

QUESTIONS?Eilon Arad

Eilon@coinpoint.net

SOURCES

http://www.coindesk.com/chinese-markets-dominance-poses-questions-global-bitcoin-trading-flows/

http://www.wsj.com/articles/SB10001424052702303640604579295884261629874

http://www.theguardian.com/society/2014/oct/03/bet365-profit-china-online-gambling

http://nypost.com/2014/07/26/why-10b-of-chinas-money-is-laundered-every-month/

http://money.cnn.com/2014/01/06/news/macau-casino-gambling/