Macau aka Macao ACCM Bans Crypto Currencies

Macau aka Macao ACCM Bans Crypto Currencies…

Macau Casino Map - Image Copyright MacauTripping.Com

Macau Casino Map - Image Copyright MacauTripping.Com

Macau Casino Map – Image Copyright MacauTripping.Com

The image show only casinos in Macau center – many more casinos are located in Taipa – Coloane – Cotai et al

The Macau Monetary Authority – ACCM has banned the use of virtual currency related businesses. This could get interesting as the wealthy influential junket operators have already started to set up gateways to use crypto currencies as collateral for issuing gambling chips to punters who want to play on the many Macau aka Macao casino tables…

It has been proven that in China where gambling debts cannot be enforced by law, most of the casino head honchos use junket operators who have none transparent connections to Triad gangs who are used as persuaders to settle all gambling debts.

Surely the latest news from The Macau Monetary Authority – ACCM looks likely to fuel a looming battle between the Macau authorities and the junket operators aka Triads who more often than not circumvent the law to get what they want!

More crypto currency news in Macau aka Macao – Right Here! – Right Now!

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Macau aka Macao ACCM Bans Crypto Currencies…

Legend

The Macau Monetary Authority – ACCM – statement – “ BitCoin is a type of commodity which is neither a legal tender nor a financial instrument subject to supervision.” – Quoted ACCM

Wan Kuok-koi – meaning – Legendary Macau business man and 14K Triad “Dragon Head” goes by other aliases Wan Kuok Koi – Broken Tooth Koi – Broken Tooth – Ba Na Koi – Pan Nga Koi – Wan Gwok – 尹國駒

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