if you want to convert your bitcoin to INR there are so many options you can easily convert your btc into INR and get your withdrawal in your bank account.
there are So many popular exchanges are:
wazirx
zebpay
bitbns
coindcx
they also provide UPI /IMPS/NEFT Services.
i personally use wazirx because of its fast withdrawal
I would request to op to please avoid using these exchanges at any cost if you are holding a significant amount of bitcoins or other cryptos. All of these exchanges require kyc and they are Indian exchanges. So they are obligated to share their customer details to the related government agencies upon request. Always use websites like localbitcoins or Paxful or Bisq and stick to them. They will also ask KYC after you reach to a certain volume but they are not obligated to comply with Indian Law. |
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I see a lot of threads here about some countries imposing a tax on gambling casinos. And each forum member has their own opinion about this type of topic.
Now I'm wondering, does implementing a tax on a gambling platform will really help a country?
- What are the pros and cons of it?
- What should be the proper tax percentage for you that they should impose.
- Will this be a bad thing for gamblers?
Also, are these governments capable of taxing online gambling casinos that we often use like stake, chips, etc...
Well I would like to share two threads started by me few years ago. The numbers may be slightly outdated but the context is same. Part 1: USA https://bitcointalk.org/index.php?topic=4308093.0Part 2: Macau https://bitcointalk.org/index.php?topic=4324507.0These threads should answer your queries pretty well. |
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It's good that an age old established banking organization is planning to incorporate crypto related services in their offerings. But I believe they are going to roll out initially for only corporates, not for individuals. But I think it is just a field trial they want to do before rolling out to the common population.
But we have just started to see the changes. Long way to go!
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Obviously other currencies have been aiming to tackle the scalability issues that Bitcoin is being presented with.
Obviously if the Lightning Network is not successfully implemented, the likes of coins like XRP will fill in the gap that banks need for fast cheap liquidity.
Will the lightning network be game over for the rest of the ALT coins that are borderline built on scalability?
Let me know what you guys think.
For scalability- yes the LN would apparently solve the issue. But you need to understand that LN is a sidechain. It collects the payments in bulk and broadcast into the bitcoin network at one go. So LN is a temporary solution for now. Even though LN is live since last few months, it has not yet received enough attention that it deserves. Secondly people are already using altcoins for their daily transactions because they are fast and cheap. Why do you think BNB coin is constantly rising up? Bitcoin is mostly considered as an investment unfortunately so even LN would not be able to bring down the alts in any way! |
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I am sure FBI wouldn't let us know how they have recovered the stolen bitcoins from the hackers without actually arresting them. But I think they have done it through some kind of whitelisted malware. But there are many other possibilities as well. If you see any article which claims to know the exact process, steer clear of that! For obvious reasons, FBI wouldn't disclose the process. |
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I don't think crypto sportsbook will be interested in listing this sports yet due to its limited popularity and reach. It's a niche game and have a limited viewership. So indeed there's no interest from crypto sportsbook just as yet. Frankly speaking, I have seen few videos in youtube and that's it. No huge media coverage is also available. Hopefully in future we will see crypto sportsbooks to list such games for fun! |
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It's good to see a government is willing to learn from its mistakes and work towards making things right. Majority of the governments wouldn't do that even after realizing their mistake just to satisfy their ego.
Also it's a point to note that their president has directed Bank Of Tanzania to work toward the inclusion of cryptos. That's not the structure majority of the countries follow. In financial matters, usually central banks have the final say. But really happy to see such progress.
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Having a council is not a good idea at all. But again even if a council is formed, they wouldn't have any legal rights to control the mining activities around the world. Does anyone know who proposed such idea?
I am sure whoever proposed it, is trying to claim the ownership over the algorithm. It will give rise to fork events and loot away hash powers. Decentralization will be gone.
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I am sure what Thai SEC is trying to do is for good and to protect the investors. These meme coins, fan coins or even NFTs don't have a value in reality. These are indeed based on its marketing success and nothing else. It doesn't cost anything to produce such things so these areas are actually scammer's paradise. So I would say it is a great step from Thai SEC to protect the consumers of crypto market. Thai SEC is actually not against cryptos but it seems they are indeed against fake cryptos and useless marketing gimmicks. Good Step!
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It's more of a clever step than good! El Salvador has done something revolutionary and they are certainly expecting push back from the international agencies that looks after environment. Also the international banking groups might try to push back hard in an international level because they know if El Salvador succeeds in their reforms this way, this is certainly going to send out a strong message to similar other countries and possibly encourage them to adopt bitcoin or other cryptos. So El Salvador is trying to stay in a good position before any criticism starts popping in.
I am happy to see that this small country is trying to set things right from the very beginning.
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Hi guys, I am trying to understand certain psychological parameters of young tech savvy generation when it comes finance with responsibility. The question is simple,
Let's assume you make 100 USD salary every month. You can buy a house through mortgage loan and your monthly payment will be 40 USD and that is a long term commitment.
But you can also take a house on rent where your monthly outgoing will be 15 USD. You are free to leave and move to another house anytime you want.
What would you do? Explain your reason.
Imp: I need your answers based on your current location, socio economic scenario, job security, financial backup etc. You don't need to share these details but consider this real life details while making decision.
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It's great to see a list of progressive nations with progressive leaders. Unfortunately my country with a fascist leader and regressive mindset couldn't make to the list. They even arrested a crypto exchange owner for installing a crypto ATM. But that's another matter. I sometime wonder how much contrast we get to see in the same world where we all live. That's why in a progressive nation we always see stories of prosperity and in regressive nations we see stories of horrific incidents and wealth distribution inequality.
El Salvador is the new entrant to this list but the mayor of Miami deserves a special mention most definitely. He turned around the mindset of the city residents towards crypto through he visionary reforms.
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Heavy criticism always go the way of the man that everyone knows gambles with his money on sports betting, poker and the likes. But I am of the school of thought that we are all gamblers because we all gamble with something in this life.
CASE STUDY
Mr Smith and Mr Scott while smoking some cigarettes, talk about a certain Mr Z who they say cannot control his addiction to gamble with his money, forgetting that they are gamblers too, gambling with their life. (lungs)
The Alcoholic saying thank God I don't smoke, I don't gamble, I don't womanise, I only drink my alcohol should not think he is any better because he is also gambling with his life (kidneys).
The man and woman who know they don't love each other, but still are having unprotected sex are gamblers too, gambling with their future.
Even the man that says he has no vices (i.e doesn't smoke, drink, womanize or gamble with money) but only has time for his video games, movies and sports games is a gambler as well, gambling with his time.
Quite true! We all are gambling with something or other. Even whoever is trading in stock market or crypto markets, are gambling too. But there is bifurcation between acceptable gambling and unacceptable gambling. That's where we see an thin line between these two practices. If I have to look from your perspective, study can also be considered as gambling. Because you don't know what your future holds for you. So should you stop studying? Absolutely not! |
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I don't know if these hackers are killing bitcoin or not, but they are definitely killing the reputation of bitcoin. A common man who doesn't know anything about bitcoin, would definitely consider bitcoin as an evil because of its involvement with almost every cyber attack.
Couple of days ago, I was having a discussion with one of my uncles who is a Sr. Vice president of an MNC on the same line. He was quite adamant that cryptocurrency should be banned from everywhere just because it is beings used as a tool to the hackers. He is quite concerned that his company may have to face such nonsense in future and the financial loss they will have to consider after that. So hackers are definitely killing the reputation of cryptos and giving banking lobby a weapon to speak strongly against it.
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If businesses start to accept it as a form of payment, and people start getting paid with crypto, how are they going to tax it or regulate it?
There's no easy explanation to your question. The regulation and taxes will be different for different countries. But first the government will have to declare it as a legal tender. Then they will have to classify it whether it will be considered as a currency or an asset. Based in that classification, different taxes will be applied. So there's no straightforward answer available. If you are interested, you can study Japan's crypto regulations because Japan is the first country to make bitcoin a legal tender. You can also search for the "law library of Congress - regulations of cryptocurrency in selected jurisdictions". This guide will really help if you want to have in depth knowledge. |
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I am trying to imagine Kim and Amanda are fighting inside a ring and I feel more sensation than adrenaline rush that usually doesn't happen during a MMA fight. Lol! Everything seems to be bouncing around. Lol!
It's a pure joke! Kim is never going to fight Amanda and Amanda doesn't expect that to happen either. Both are well known in their own segments so they are not going to loose that reputation by doing something that they are not used to. But seriously I would like to see that fight live if it happens!
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I am a Chinese, but if the country loses a key strategic opportunity in the era of digital currency pre-emptive due to the nonsense of a certain person, these historical and national sinners will surely be stinking for thousands of years.
Your English skill is far better than any average Chinese people. I am sure you don't live in China. Anyway, what Mr. Wongli said, reflects the mentality of any government that wants absolute control on their internal matters as well as poke their nose to other's internal matters. For example Tibet, Hongkong, Taiwan, Arunachal Pradesh, Indian ocean etc. I personally want China to loose this strategic benefits for greater good and world peace because they are becoming a global threat. But anyway, when I see the position of the speaker, it makes sense because he is only echoing what his master wants him to echo. |
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Tonga is officially known as Kingdom of Tonga. So it is a monarchy. That means, one person rules this archipelago of one hundred thousand inhabitants. So it is comparatively easier for such countries to adopt cryptocurrencies. Because such decisions don't need to be passed through parliament. So I don't think such kind of adoption will step up the bitcoin mass adoption. It's just some liquidity flowing into the market without much impact. But at least one more name will be added to list of crypto friendly nations. |
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I wouldn't disagree to your statement op. Even though some countries don't accept bitcoin as a legal tender, the mass adoption will keep on happening. It may be through legal routes or illegal routes, but it will continue in its growth trajectory. So the next bull cycle has a great chance to break previous ATH record.
People are not realizing this opportunity and thinking about short term gain only. Remember, many people became negative when bitcoin price reached 22k back in 2017 and then slipped to 3k in 2018. Now they can't even buy it at 22k level. Opportunity lost!
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Ok, let's discuss it from the government's perspective. Usually a government reduces tx burden on certain activity if they want to promote it and vice versa. If a government wants to slowly discourage gambling activities in their country, they may not take some drastic steps because it would affect the employment and the entire industry. So they go ahead with phased increase in taxes and licensing fees to make it harder for new companies to join the bandwagon.
I think Ukraine government is planning some sort of phased erosion of gambling activities in their country. Definitely they will face a lot of backlash from the industry. But the final decision is yet to be seen.
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