Good one! But it is indeed true that government departments usually do not coordinate with each other. I can guarantee this from my 2 years experience of government project. But here the case is little different. RBI is not directly linked to finance Ministry. RBI can take their own decisions without going through FM as they are the controller of banking system. But when it comes to policy and non-related to banking, FM must step in. But one thing I can assure you, FM will definitely consult RBI before putting the bill on the table. |
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Just like pornographic sites, I don't think online gambling sites and casino's can fully checkmate underaged users that sign up, and as a result, unfortunately i see the number of underaged gamblers worldwide to increase significantly by October this year.
What are your thoughts?, What are the possible solutions to the problem of the rising number of online underaged gamblers?
Underage gambling is a real issue! I am sure even gambling houses do not pay much attention because it is a source of revenue for them. With cryptocurrency, it has become even more easier for the underage gamblers to play in online casinos because they do not require to share kyc data. There is no immediate solution available from technical viewpoint. Parental monitoring softwares can be a possible solution but there are ways to bypass them as well. Children who are gambling at young age, would know how to bypass them. So it boils down the responsibility to their parents who needs to be vigilant about their children's online activities. |
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Accepting crypto?? I mean in what direction? Are they going to use crypto for value transfer purpose in a similar way the Ripple does? Or is Visa going to allow crypto purchase through their network? I can see the below statement in the article, “The great advantage of adopting bitcoin is, without a doubt, its ease. Without needing to exchange a fiat currency, there is an optimization of exchanges when using bitcoin. Brazilians already have the culture of receiving card points, miles, discounts, etc. Why not receive cryptocurrencies with their credit card as well?” Not sure which direction it will eventually take! But it's a positive news anyway! |
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What happened in El-Salvador? I tried to find out but couldn't find any credible news related to El-Salvador why can negatively affect the market. Can someone please point out to the correct news?
Also I can see the market has gone down to 45k from earlier 50k level. Who calls it as a shock? It's just a normal volatility of crypto market. We seriously don't require any negative news for such changes in price.
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I concour! Very cleverly, Deloitte didn't mention cryptocurrency in their report. Because cryptocurrency is not going to take over the financial controls. It's just that CBDCs will be taking over instead of paper money.
And there's a good reason for it. With CBDC, government will be able to track all our finances, spending and investment. Black money would cease to exist, tax revenue will be all time high and effectively fight money laundering and terrorism financing. There are number of benefits if you think from government perspective. So I completely agree to the fact that in next few years, paper money will cease to exist and CBDCs will take over.
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Hi guys, I was wondering if anyone could help me out. I'm looking to rent a legit online gambling license. What's the best way to do so?
As per the article below, it seems that sub licensing is legal and possible. Read below, Who issues Curacao sublicenses?
The Justice Minister of Curacao has sole discretion in granting online gambling Licences, which are issued by the Governor-General of Curacao. Since 1996 there have been four Master Licences awarded; respective holders are:
Cyberluck Curacao N.V. (Curacao-eGaming) #1668/JAZ
Gaming Curacao (GC) #365/JAZ
Curacao Interactive Licensing N.V. (CIL) #5536/JAZ
Antillephone NV #8048/JAZ
A Master Licence holder may grant Sublicences to online casinos and other gambling sites. Sublicensees are entitled to the full privileges granted to the Master Licence holder, with the exception that they may not issue Sublicences of their own. A single Licence covers all games of skill, chance, and wagering as well as all related peripheral activities such as software providers, service providers, network operators, platform operators, affiliates, marketers, and white-label operators.
Link: https://www.curacaowebhosting.com/2017/05/23/cost-gambling-license-curacao/So try to get in touch with anyone of them and get the ball rolling. |
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In the world of finances, risk management is one of the most critical areas to invest in. So it seems Mastercard is gearing up for crypto adoption and that's why they want one of the leading crypto risk management company to remain within their own control. But unfortunately, Mastercard reportedly will not allow bitcoin or any other cryptos in their network. They will only allow stablecoins instead. Let's wait to see the final outcome!
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I am a keen watcher of NFT market since the very beginning. And I have strong feeling that NFT market of artworks will be vaporized and destroyed sonner than later. People may argue that art could have different meaning and appeal to different segments of people, but digital art makes literally no sense to me.
90% of the artworks listed in various marketplaces, are not original. Get a subscription of Veectzy or placeit, you will get millions of such artwork at nearly free of cost. Add some random shapes to those, boom - you have a digital artwork ready to be sold in NFT marketplace. Since I have been designing artworks for my own t-shirt business, I can relate to these.
NFT will only live in games market where people will buy in-game accessories from the game's developers. Otherwise, the whole NFT things is a hype and nothing else!
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Yesterday, September 8, 2021, the Ukrainian Parliament voted for the Virtual Assets Bill. What it means is that, holders of such assets will legally exchange and declare them, and enables companies to register as blockchain business.
That's what we need, that's what we all were waiting for. It seems Ukraine is following the footsteps of El-Salvador through this virtual asset bill. That's what will bring granular level adoption into play which has more value than corporate adoption and billions of dollara of investment to rot in corporate coffers. I saw a glimpse of a news today morning that Standard Chartered crypto desk has analyzed the situation and predicted 100k by the beginning of 2022. Quite possible looking at such wonderful news from around the world. |
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Am just wondering apart from Bitcoin which other assets have the power and operation to transfer their total value through the Internet? Apart from bitcoin and other cryptocurrencies, there are couple of assets available. Most popular of them is digital Gold. Nowadays, people can but fraction of gold units through various intermediaries available in internet. These can be freely transferred as per our own will. But again, cryptos require no intermediary which is clearly a huge advantage. Bitcoin is on its way to becoming the future of value transfer through the Internet 🌐. I wait for that day when Bitcoin attain this status with global adoption.
We all are waiting for that day and I feel we are in the right direction. Granular level adoption is increasing and also people have started gathering knowledge about how cryptos work. I just hope cash rich corporates don't buy out the majority stakes of bitcoin. |
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Who else thinks that these kind of thing may hit mainstream sooner or later? I don't know if this is something new but seen a news from Decentral Games that they are launching a play-to-earn Metaverse poker. Others predict next to NFTs boom that it could the the Metaverse hype. Any thoughts? Over time, we believe several projects will attempt to deliver play-to-earn architectures. However, due to the state of Decentral Games’ current product and community, DG is in a lucrative position to take advantage of this new wave in gaming with a first-mover advantage. We’ve already built metaverse poker, blackjack, roulette, backgammon, and slots, which are games enjoyed daily by our community through memorable events like live music performances, casino night competitions, poker tournaments, and more. https://decentral.games/blog/decentral-games-announces-play-to-earn-metaverse-poker-ice-token-rolloutWell, metaverse based play to earn games are becoming quite common these days. As players can earn money through it, it is becoming popular as well. But frankly, I haven't yet seen a gambling aspect of it. It is mostly limited to the trading of digital assets through a marketplace. I am not sure how it can be incorporated in traditional gambling games like poker, Blackjack or Roulette. We are yet to see such implementation in reality. Do you know any gambling game created in Metaverse? |
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I don't know what triggered that sudden change in stance of Indian banks, but I don't think there is any solid discussion happening at bank's level to allow cryptocurrency purchase through their channel. Indian banks are anyways in a very bad shape. Now if cryptos are allowed in India, that might worsen their situation. People are not investing in banks because of the lowest interest rate, that money is channelled to stock market and if banks start supporting crypto companies, a good chunk of that investment will further move out from them. But if it finally happens, good for those people interested in cryptos.
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Amazing! May I please ask which country it is? But given the sensitivity of this information you can definitely ignore my question.
This is what we need to be honest! Corporates pouring in millions into bitcoin, doesn't teally excites me because I know bitcoin will not be used as a currency for them. Rather, that's just an investment.
But this is what we call granular level adoption. Bitcoin is used as a currency here. That's what has the power to drive the entire crypto market to the next level. Bravo! Many thanks for sharing the interview.
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Tabcorp's statement makes sense! It's a responsibility of the banks to impose the ban from the system. This responsibility should not be passed to gambling houses. I'm not sitting here saying I accept a ban on credit cards for gambling. I'm saying if the committee decides it's going to ban it, we're not going to oppose it for online wagering Since gambling houses are bound to obey the rules laid out by regulators, the responsibility of enforcing it, should not be passed to the gambling houses. Financial corporations have such infrastructure to enfore such ban and they should be doing it. |
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I came across a new article about SEC oversight of the developer of the Uniswap decentralized exchange. On the other hand, what is your view on the SEC work and why is its position so influential on matters relating to crypto transactions, especially in this era of increasing adoption, such as being a financial center for the SEC because they can make money paying fines. What are your views on the cases the SEC has handled frequently so far, comments are invaluable. Decentralized exchanges are the main point of concern to many governments and regulatory agencies. The kind of popularity Uniswap has got since its inception, is immense! Which definitely acted as a catalyst to bring SEC to their doorsteps. But it seems like SEC has floated some civil enquiries for now. But there's no guarantee that they will not come back with some serious issues. There's no denying that swaps and decentralized exchanges have made the job of a money launderer quite easy and Unswap is the largest swap provide by volume. Let's hope that everything goes fine! |
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2BTC for a pizza ? 10BTC for a video game ? Whats the stupidest thing you have done with BTC in the past , and how much did you spend ? This one should be interesting.  This thread got many responses , all are great !  Edit 6.9 Thankfully I did not purchase anything using my precious bitcoins. But the stupidest thing I have done is to convert them into fiat money at various price points below 10k. I would have got 5 times more fiat money if I had done it today. So I consider those acts as pure stupidity. We all need to understand that bitcoin is an accumulation game! The more you accumulate, the betterbyour future will be. So don't convert them to fiat now. Comvert them only when you are planning to retire. |
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Next Country to accept bitcoins is legal tender will be BLANK? Serbia.
No one knows for sure! Because not every country is vocal about their plans on their own fiscal policy. So we might very well get a surprise when we know the name of the next country. But there are couple of countries where bitcoin could receive a blanket ban in near future. Like India or Bangladesh could soon release an official statement about the bitcoin ban they are planning to impose. Clear difference between progressive and regressive mentality! |
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Bitcoin is on the way to becoming an official legal tender by the government, even though there have been so many obstacles along the part the El Salvador government will on the 7th of September accept bitcoin as a legal currency within the country, can we say we are in for another long runoff for Bitcoin market.
Yes it's encouraging! Bitcoin has been made legal by only a handful of countries till date so whenever any such news comes in, it reassures your faith in bitcoin. But don't expect a lot of impact in the market. I don't think the current surge in price is anyway linked to this news. El-Salvador is a small country with a population of roughly 6.4 million people. So a lot of unknowns are there. Today marks the day when bitcoin will become the official currency of El-Salvador and people will start using it from now onwards. So wait and watch the reaction of the commoners. |
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What are bitcoin certificates? Is it like a derivative instrument where no physical bitcoins are transferred? Or does it deal in physical bitcoins?
Increase in institutional adoption is a reason to worry! The kind of money some institutions hold, they can easily become the controller of the bitcoin market which is mostly driven by the retail investors. Since the institutional investors hold sheer volume, retail investors will not be able to cope with them. I don't think this is a news to cheer.
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