Over the years, the Chinese government has been suppressing the iGaming industry in various ways, but in the past two years, the suppression of illegal iGaming has been even more severe. Starting in 2019, it has promulgated the topic of cracking down on cross-border gambling, and announced a series of related measures. The most widely known policy is the persuasion of foreign personnel to return and the national card suspension program. Such severe measures by the Chinese government will serve China. What is the impact of the iGaming industry? How will China's iGaming market develop in the future? Let TC-Gaming white label iGaming take you through all of this.
What is the policy of persuading foreigners to return? Chinese people who have worked in Southeast Asia in the past two years have received calls from the Public Security Bureau, or through family members, requesting to return to the country within a time limit for investigation. Request that I need to return to my country to report to the designated police station and give a detailed account of my life, work, income, and related persons abroad, and request Sign the letter of undertaking not to participate in the crime of telecommunications network fraud. If you cannot explain clearly, you may be restricted from leaving the country, or even block your passport from leaving the country. This action of the Chinese government is to cut off the export of domestic talents to Southeast Asia to engage in illegal iGaming industries. Chinese people who have been engaged in illegal iGaming industries in Southeast Asia will also return to China due to the persuasive return policy, and then cut off the export of talents to Southeast Asia to engage in illegal iGaming industries. Illegal iGaming industry, this action is to combat the manpower problem at the root of the illegal iGaming industry.
And how does the national card suspension program affect the iGaming industry? For a long time, most online game players have used mobile phone cards, bank card transfers, WeChat Pay, Alipay or other third-party or fourth-party platforms to recharge or withdraw funds. The Chinese government’s card-breaking project is to strictly control the out-of-control management of phone cards and bank cards of people with false names. Require financial institutions to clean up their sleeping accounts and cut off the issue of buying and selling bank cards and phone cards, in order to stop the illegal iGaming industry from the source.
Under the Chinese government's strict enforcement of these policies, many iGaming platforms set up in China have withdrawn from the Chinese market one after another, and many small iGaming platforms that play alone have also withdrawn from the iGaming market. But at this seemingly grim moment, white label iGaming has become the strongest backing for iGaming platforms. Trivial and annoying issues such as website setup, game docking, product technology, etc. required to establish an iGaming platform can all be handled by white label iGaming. Choosing the best packet network company is the most important thing at this time. And TC-Gaming white label iGaming has been deeply involved in the industry for more than ten years before this. It also knows how difficult it is to enter the Chinese iGaming market at such a severe time. TC-Gaming white label iGaming, relying on the team's rich technology, product, and operation experience, makes the creation of an iGaming platform no longer difficult. TC-Gaming white label iGaming has a large number of API game interfaces and provides a 24/7 support service team. If you choose TC-Gaming white label iGaming, you do not need to prepare a large amount of opening funds, nor do you need technical personnel for website development and maintenance, you can quickly build an iGaming platform, and you can buy an integrated website-building service with very little money.