In urgent need of working capital, the defendant, surnamed Hu, recruited 11 technicians to work together to open an online casino through blockchain contract technology. 420 million virtual coins were traded, worth more than ¥8 billion. Full story (in Chinese) via this link; read the absolute essentials about Yancheng via this link.
¥600,000 Fine for Operators of Blockchain Cryptocurrency Casino in Yancheng
