Cryptocurrency is fast becoming the preferred payment method for online gambling syndicates across South Asia. Bitcoin and USDT allow operators to receive and transfer funds instantly while remaining anonymous.
This shift has made it harder for banks and regulators to trace transactions. Users are taught to convert local currency to crypto via peer-to-peer platforms and fund illegal betting accounts through blockchain wallets.
Authorities say this trend is fueling cross-border gambling and laundering operations. Financial investigators are now collaborating with international cybercrime units to detect blockchain-related fraud and educate the public about crypto’s misuse in illegal gambling.
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