The Chinese market is restricted in its online gambling activities. With a population of more than 1.2 billion people, the market for online gambling seem to be right for the taking.
In lots of countries of the world, Bitcoin is not only an investment asset but also a payment instrument: it is possible to purchase real estate, plane tickets, gadgets, etc. using Bitcoin or any other cryptocurrency. Electronic cash may be also used when buying things online: it doesn’t differ from a dollar or euro. So why do more and more people start using cryptocurrency when purchasing anything both online and in real life?
Authorities strive to take everything related to money under control. However, cryptocurrency, that has nothing to do with central banks and is not under control of any governmental body, has become an exception. Now, when electronic cash has become ordinary and usual, each social group takes advantage of it in order to conduct anonymous payments and pay no taxes.