> Cambodia's specifically 30-50% of the economy can be directly attributed to scamming plus casinos
Are you saying that 30-50% of Cambodia's economy can be directly attributed to scamming and casinos? I find that shocking and hard to believe. Do you have a source for that statement?
First off, the amount seized was not necessarily made in a year.
Second, most of the money would not make it to the Cambodian economy. It is likely laundered abroad. The whole operation is likely multinational, with only the workforce located in Cambodia.
Also keep in mind all the bribes, all the money laundering mentioned in the article by the 100s of affiliated subsidiares of the criminal group all in Cambodia
the big casinos which directly and indirectly support additional laundering
My first experience stepping off the plane in Cambodia was being scammed by the official issuing visas. It was $20, I gave him $50, and he didn't want to give any change back. Scams were the defining part of the tourist experience there.
Haha, it reminded me 20+ years back when I was a kid travelling by train in India where the ticket dispenser did not give me 8 Rs back on a 152 Rs ticket when I paid 160, sounds small but is a big deal for poor. Tangential but that is one thing I really thank digital payments and digitization of ticket dispensing for.
I only made a few Bitcoin transactions because I found the whole experience did not feel like the future. That was a while ago now, and as other commentors have pointed out, it not seems obvious that the real value in Bitcoin lies elsewhere.
The UK may not have been enabling this guy in particular, but he's not exactly the only one who has been stashing ill-gotten gains in London real estate. Apparently crooks still think it's a great deal despite some of them getting it seized once in a while.
Cambodia is a small country with no natural resources of any kind. Even to grow rice you need diesel for tractors and fertilizers that are produced from natural gas using energy (which Cambodia lacks).
There's very few opportunities for a small country without resources.
And to grow rice you need to somehow get rid of US bombs that majority of Cambodia soil is very well fertilized with.
Between 1965 and 1973 US dropped 2,756,941 tones of bombs on 113,717 sites in Cambidia. Thats more bombs than all allies together used in all of World War II.
Tens of people still getting killed by them every year.
Are you saying that 30-50% of Cambodia's economy can be directly attributed to scamming and casinos? I find that shocking and hard to believe. Do you have a source for that statement?