The China Payment & Clearing Association has issued a warning to the public about the risks of cross-border gambling fraud involving virtual currency top-ups. The association emphasizes the need for increased awareness to prevent and identify fraudulent activities linked to gambling. The association highlights that engaging in gambling through virtual currencies poses significant risks due to its concealed nature. It warns that participating in such activities or facilitating fund settlements for gambling is illegal and non-compliant. The public is urged to avoid virtual currency gambling transactions to ensure the security of their funds.