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RE: Crypto Daily News: Comment and Win SBIs Daily : July 13, 2018

in #crypto7 years ago

Thanks as always @nuoctuong, I really am so into this. I hope more and more Steemians join and follow your daily HOT TOPICS.

Moving on, here's what I have got to say to the first link: Block Hedge Bangkok: Asia’s Blockchain & Cryptocurrency Event in Thailand Details

The one day event focuses on the future of Blockchain Technology, finance and investment, regulation & governance, successful past and future ICOs, security threats and considers how decentralization continues to disrupt sectors like banking and supply chain.

Cryptocurrency promotions should get a lot of exposure to convince average people to venture on the idea of digital money and how it will soon impact our day to day living. The convenience, as well as the security threats should be transparently laid out for the individuals in order for them to know what measures they would need to take to avoid or lessen the risk of being scammed and worst case scenario hacked.

While most countries are unsure on adopting cryptocurrency as legal tender of transaction, Thailand on the other hand has emerged to be one of first few countries to introduce special law for cryptocurrencies.

I would not be surprised. Thailand's economy has been pretty stable owing to the fact that their tourism industry is pretty much increasing every year, if I am not mistaken they are soon to hit th 40 MILLION tourists/year mark. Imagine with cryptocurrency, it will catapult Thailand as one of the best places to visit in the world because along with the beautiful scenery and lavish entertainment that has continuously attracted tourists, the usage of cryptocurrency will make it all the more very convenient for tourists.

Link: China Cracks Down on $1.5B World Cup Cryptocurrency Gambling Operation

Online gambling has been an issue in the past, nothing new to this. It just got an upgrade. LOL. Also, online gambling exists not in China alone, I believe this is a worlwide problem. Even before the proliferation of digital currencies other modes of payments were already used.

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Gambling is a reality whether we like it or not. I gamble all of the time. I only gamble with money that I know I can lose without jeopardizing my family livelihood ( paying for food and rent). I can imagine free distribution of money to be a problem for central government as to how to tax that money going through those mechanisms.

Countries that are friendlier to cryptos will attract money and projects into those countries. However those countries need to be stable. Secondly I think cryptos will have to pay some kind of taxes to central government to keep basic functions going.