More arrests for crypto betting on Taiwanese elections via a prohibited website

Taiwan has blocked access to a U.S. website accepting bets on its presidential election with local cooperation.

The Criminal Investigation Bureau clarified that the block is local allowing access outside Taiwan.

Recent arrests include 11 individuals caught betting on the election with around US$8,000 in cryptocurrency seized.

17 people were arrested in mid Dec for similar activities. Those profiting from election bets may face up to five years in prison and a fine of up to NT$500,000.

 

[CR7]

It is concerning to hear that there have been more arrests related to crypto betting on the Taiwanese elections. The fact that Taiwan has blocked access to the U.S. website accepting these bets with the help of local cooperation shows their commitment to upholding their laws and regulations regarding gambling and election activities.

The seizure of approximately US$8,000 in cryptocurrency indicates that these individuals were actively participating in illegal online betting. It is crucial for law enforcement agencies to take action against such activities to ensure the integrity and fairness of the electoral process.

The arrest of 17 individuals in mid-December for similar offenses highlights the persistence of this issue and the need for ongoing efforts to combat illegal gambling. The penalties imposed on those profiting from election bets, including up to five years in prison and a fine of up to NT$500,000, are significant and serve as deterrents to discourage such behavior.

Overall, these arrests demonstrate the commitment of the authorities to maintain the transparency and legitimacy of the electoral process. It is essential for individuals to respect the laws and regulations put in place to safeguard the democratic values of the country.