Don't want to trade it yourself?
Our desk runs DEX portfolios on profit share.
About $1.07 billion worth of cryptocurrency flowed into 34 casinos in Cambodia’s Sihanoukville from Jan. 1 to Sept. 7 this year, according to blockchain analytics firm TRM Labs.
Of that total, $687 million, or 64%, went to casinos linked to networks sanctioned by the U.S. Treasury Department’s Office of Foreign Assets Control, TRM Labs said. More than $320 million flowed to three casinos tied to sanctioned networks even after the sanctions were imposed. TRM Labs added that 99.9% of total inflows were USDT on the Tron network.
TRM Labs said casino inflows have declined amid a crackdown by Cambodian authorities, but cryptocurrency cash-out activity through local casinos and money changers is still continuing.