The sudden rise of crypto currencies such as Bitcoin and Etherium promises a new world of finance and flexibility for gaming operators and players alike. But are they the right choice for your business and your operation? Well, like all new worlds, there isn’t really a map until the pioneers make one.
Crypto currencies use methods of transmission and record-keeping that are flexible and reliable. On the other hand, they are equally volatile, and can gain or lose substantial value literally overnight. Using and holding crypto currencies is affected by the law of the jurisdiction where you offer your services, and these vary tremendously (Japan, for instance, has recognized Bitcoin as currency since April 2017, but nearby Korea and China have frozen all new ICO’s). Tax and money transfer concerns may surface as well.
My specialty is finding a safe way forward for pioneers and risk-takers, pointing the way to profit while complying with applicable laws.