Dragon Corp Making $500 Million ICO For Cryptocurrency Casino in Macau
(WorldNews China)

Dragon Corps. spoke with Business Insider about their plan to raise $500 million (£377 million) through an Initial Coin Offering (ICO) that would give its buyers cryptocurrency coins that can be exchanged for non-negotiable gambling chips in a casino that will float dockside in Macau. The report on Friday details how even though Macau has not authorized BItcoin services, China recently cracked down on ICOs and gambling debts are not enforceable under Chinese law. The company is registered in the British Virgin Islands so the jurisdiction where investors would have to file if legal disputes arise would not be in China.Macau`s existing casinos have the legal barrier that makes them far...