02/02/22 India to tax crypto income as gambling winnings Finance secretary T. V. Somanathan said it was not illegal to buy or sell crypto in India and that earnings will be taxed like winnings from gambling.
07/28/21 GBGC addresses crypto gambling Global Betting & Gaming Consultants has released its whitepaper on the crypto gambling industry as it continues to grow.
06/08/21 Shanghai to test digital yuan for lottery prizes Lottery winners will receive 350,000 digital red envelopes containing 55 units of the Chinese central bank’s digital currency (CBDC) equivalent to $3m.
04/01/21 500.com acquires shares in Loto Interactive 500.com Limited has announced the completion of its acquisition of a stake in Loto Interactive for HK$105m ($13.5m).
03/17/21 500.com completes acquisition of Bitcoin mining machines 500.com Limited has announced the completion of its acquisition of bitcoin mining machines from the US.
02/17/21 500.com acquires major Bitcoin mining pool The Chinese gaming company has acquired Bitdeer Technologies’ cryptocurrency mining pool business, including BTC.com.
01/30/21 500.com takes majority stake in Loto Interactive The Chinese lottery services provider will acquire shares to take its interest in the company from about 33 per cent to over 54 per cent of all issued capital.
01/26/21 Lottery sales in China drop 20.8% in 2020 All lottery sales were down in comparison to 2019 except for Keno sales, which increased despite the Covid-19 pandemic.
01/23/21 Russia’s central bank wages war on online gambling payments Banks and payment operators have been hit with sanctions for allowing transfers to online gaming sites and illegal bookies.
01/12/21 500.com to acquire bitcoin mining machines The Chinese company expects to begin generating revenue from bitcoin mining in the first half of 2021.
