The online gaming and playing business is once more in the main focus with some States going all out of their efforts at imposing a ban on “games of chance”; and “online gambling”. The problem is that some States like Tamil Nadu that promulgated an Ordinance after which handed a Invoice within the Legislative Meeting don’t seem to have much of a clue both about how you can outline “games of chance” or about how they are going to enforce the proposed ban.
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Deposit insurance: many governments assure Layer 2 digital financial institution chips up to a specific amount, making them conceptually as safe as Layer 1 state cash. This leads to obscure debates about whether these Layer 2 chips actually might be thought-about as privately-issued, or whether or not they’re better considered a form of state cash that has had its issuance delegated to the banking sector. To me, a state-insured financial institution-issued chip is just not the identical as state-issued cash, especially provided that the former isn’t considered legal tender in most countries, whereas the latter is.
