Chinese Police Arrested Over 540 Individuals involved in Online Crypto Betting worth $1.5 Billion

The Chinese police in the Guangdong city have confined hundreds of people in online gambling platforms which enabled betting with over $1.5 billion in cryptocurrencies such as bitcoin and ethereum. A law enforcement operation that involved 21 strong public security authorities in the city of Guangdong has battled football gambling during the Russia world cup football competition which resulted in the massive arrest of 540 people that were suspected of managing online gambling rings.

Crypto to be Treated as a Commodity in India as Lifting of Ban is Underway

India’s government official has revealed that the country’s Authorities are more likely to consider cryptocurrency ban and start treating them as commodities. Citing a superior government official who is more involved in the currently happening regulatory discussion in the cryptocurrency periphery, India is more unlikely to oblige a blanket ban on cryptos regardless the latest‐enforced central bank authoritative command that forbids banks from offering services to the various burgeoning sector.