The web gaming and gambling business is once more in the focus with some States going all out of their efforts at imposing a ban on "games of chance"; and "online gambling". The issue is that some States like Tamil Nadu that promulgated an Ordinance and then handed a Bill in the Legislative Assembly do not appear to have a lot of a clue both about the best way to define "games of chance" or about how they will implement the proposed ban.

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Deposit insurance: many governments assure Layer 2 digital bank chips up to a certain quantity, making them conceptually as safe as Layer 1 state cash. This leads to obscure debates about whether or not those Layer 2 chips actually might be considered as privately-issued, or whether they are better thought of as a type of state money that has had its issuance delegated to the banking sector. To me, a state-insured financial institution-issued chip is not the identical as state-issued cash, especially on condition that the previous isn’t thought of authorized tender in most countries, whereas the latter is.