The Monetary Authority of Macau has issued a warning to the public regarding the possibility “fraud and criminal activities” in cryptocurrencies, the South China Morning Post reports April 20.
The warning comes on the heels of revelations that Macua Dragon Group, a firm associated with Chinese gangster Wan Kuokoi, employed Cambridge Analytica to promote Dragon Coin, a new virtual currency for gamblers to transfer money to Macau casinos. Wan has reportedly spent more than ten years in prison for various crimes, including leading the “14K” triad group in Macau. The statement reads: