TechFlow News, July 5, the Payment and Clearing Association of China issued a reminder on preventing cross-border gambling fraud involving virtual currency top-ups, aimed at helping the general public enhance their awareness against fraud and gambling refusal, and their ability to prevent and identify fraud. The Payment and Clearing Association of China reminded that cross-border gambling means "ten bets, ten losses," participating in gambling through virtual currencies has greater concealment and risk, participating in gambling and providing fund settlement for gambling activities are illegal and non-compliant activities, do not participate in virtual currency gambling transactions, and guard the bottom line of fund security.
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