In recent times, Norway has increased its interventions in the field of Web3. Lately, the country’s tax administration partnered with consulting firm Ernst and Young to build a tax office in the metaverse Decentraland (MANA).
La Norvège inaugure un bureau des impôts dans le metaverse Decentraland (MANA)
Norway dives into the metaverse
After announcing its Ethereum (ETH)-based central bank digital currency (MNBC) project, Norway continues its immersion in Web3. A few days ago, during a conference at NTNU University, the Nordic country announced the creation of a tax office in the metaverse Decentraland.
To lead this project, Skatteetaten, Norway’s tax administration, and Brønnøysund, the country’s national register, approached the consulting firm Ernst and Young.
According to Magnus Jones, the executive director of Ernst and Young, the objective of this virtual office is to support users wishing to register a company. In parallel, the virtual place with the ambition to help investors declare their capital gains in cryptocurrencies.
The office in question in the metaverse Decentraland
By participating in this project, the Norwegian government tried to understand Web3 and its challenges before regulating it. Furthermore, in one of his LinkedIn posts, Magnus Jones stresses the importance of administrative authorities in the democratization of the sector:
“Congratulations to the Norwegian authorities who dare to take steps to bring clarity to this complex area. We need to move forward with early global guidance on how to regulate DeFi and NFTs, and thus become leaders in the cryptocurrency industry. »
Regarding the virtual tax office, it is accessible to the public on Decentraland at the following coordinates: 59, 138. As a reminder, Decentraland is a decentralized metaverse built on the Ethereum blockchain.
Currently, Norway is far from the only country interested in the metaverse. Since the transformation of Facebook into Meta, states around the world are turning to this industry.
While Japan has voted tax breaks for Web3 companies, France has just published a report of a hundred pages about the metaverse. Commissioned by the Ministry of Economy, this document presents the challenges of metaverses to make France a place of innovation.
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Sources: LinkedIn and Kaupr
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Always enthusiastic about new technologies, I gradually moved closer to Web3-related activities during the year 2021. Over time, I wanted to add my stone to the building. It was then that I became an editor, with the aim of explaining cryptocurrency-related topics to as many people as possible.
Timothy Bourbotte
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