The China Payment and Clearing Association issues a warning to prevent scams related to cross-border gambling through virtual currency top-ups

The China Payment and Clearing Association has issued a warning to prevent cross-border gambling scams involving virtual currency, aimed at helping the general public enhance their awareness of fraud prevention and their ability to recognize scams.

The China Payment and Clearing Association reminds that cross-border gambling results in "ten bets, ten losses." Participating in gambling through virtual currency is more concealed and risky. Engaging in gambling and providing funding for gambling activities is illegal and against regulations. Do not participate in virtual currency gambling transactions, and maintain the bottom line of financial security.