Topic: Is there a possibility of a Country to ban access to Crypto games? - page 2. (Read 669 times)
September 03, 2021, 06:44:26 PM
It's possible that accessing or playing nft or crypto games can be banned and have a law that whoever found gambling or playing nft/crypto games will be put to prison. More likely an IP ban so that people from that country can't access the site but it could be possible using VPN.
September 03, 2021, 03:43:15 PM
Right now, Government of my country is in a process of trying to track players/account holders of a one crypto game to ask for tax because of fast and good earning rate, and I think it's not possible. So in my conclusion if they can't tracked players, is there a possibility of a country to ban this NFT game? I want to know everyone's opinion.
These are just rules made only for the personal benefit of those who want to limit crypto freedom in a country.
If they are looking for liquid accounts that have large balances of crypto generated by a game, doesn't it look shameful how they ask for taxes but the policy regarding the legality of crypto in the country is just a bias rule?
September 03, 2021, 11:41:19 AM
Right now, Government of my country is in a process of trying to track players/account holders of a one crypto game to ask for tax because of fast and good earning rate, and I think it's not possible. So in my conclusion if they can't tracked players, is there a possibility of a country to ban this NFT game? I want to know everyone's opinion.
If they couldn't track the players, they could just simply ban the game by blocking it in your country. If they really want to apply tax, they could do it whenever players do a local transaction through withdrawal charges. To be honest, even huge countries can't track crypto users so they just simply block the crypto games or even gambling sites.
September 03, 2021, 10:49:08 AM
Right now, Government of my country is in a process of trying to track players/account holders of a one crypto game to ask for tax because of fast and good earning rate, and I think it's not possible. So in my conclusion if they can't tracked players, is there a possibility of a country to ban this NFT game? I want to know everyone's opinion.
Very likely . even in my country the ISP that I use has blocked access to some "NFT" finance games, so it depends on the games too. if there is something that violates the rules in a country, it is very likely to be blocked. such as NFT games that having strong gambling elements compared to the gameplay or something that contrary to state regulations.
September 03, 2021, 10:39:50 AM
The government can easily ban the NFT games by collaborating with the ISP provider and block the connection. But people can use VPN to access the game or the provider to playing and earn money from the NFT games and nothing can stop them. I think the government will try to chase the tax from people because people can make a lot of money and the government will not let that happen without getting benefits.
But unfortunately not all NFT games allowed there users to use VPN due to some reasons so its still not good for us if government will ban those NFT games totally since we will lose a certain percentage of earnings what those NFT games generate to us so hopefully no banning will be issue and they collaborate together and government will put a legal laws and regulation towards NFT games for proper security of the players.
September 03, 2021, 09:49:49 AM
The government can easily ban the NFT games by collaborating with the ISP provider and block the connection. But people can use VPN to access the game or the provider to playing and earn money from the NFT games and nothing can stop them. I think the government will try to chase the tax from people because people can make a lot of money and the government will not let that happen without getting benefits.
But unfortunately not all NFT games allowed there users to use VPN due to some reasons so its still not good for us if government will ban those NFT games totally since we will lose a certain percentage of earnings what those NFT games generate to us so hopefully no banning will be issue and they collaborate together and government will put a legal laws and regulation towards NFT games for proper security of the players.
September 03, 2021, 09:48:38 AM
If the developers or the company that owns the game is in that country and that country for whatever greedy reason there is, decided to ban crypto games or P2E games then probably they will be able to ban the access of it but if they aren't operating in that country then they won't be able to control that game in any other way besides being a tyrant to their citizens.
September 03, 2021, 09:18:26 AM
Right now, Government of my country is in a process of trying to track players/account holders of a one crypto game to ask for tax because of fast and good earning rate, and I think it's not possible. So in my conclusion if they can't tracked players, is there a possibility of a country to ban this NFT game? I want to know everyone's opinion.
I don't think the government is capable of banning the NFT games in an instant. If ever they would plan to do so, it would surely take some time and it wouldn't be guaranteed that they will totally hinder the players from bypassing the law. Nowadays, most people already knew how to bypass such banning of websites and the likes. They would certainly have a tough time in touching the decentralized game such as Axie Infinity even if they wanted to because the company is far ahead from their reach to begin with.
The government can't even tax NFT unless the exchanging process of the tokens to fiat will go through a platform that requires KYC, which is regulated by the government. They won't be able to track every single player because KYC isn't even required in the game in the first place. Hence, the taxation would purely be voluntary because every transactions of each player can't be monitored.
I just find it funny because way back when Axie Infinity isn't really well-known p2e game yet, they kept on saying it is a scam. Now that they knew that the players are earning money, suddenly they want to tax them. Such a shame to the corrupt officials who just want to take advantage of every single penny their constituents earn decently.
September 02, 2021, 08:01:57 PM
The government can easily ban the NFT games by collaborating with the ISP provider and block the connection. But people can use VPN to access the game or the provider to playing and earn money from the NFT games and nothing can stop them. I think the government will try to chase the tax from people because people can make a lot of money and the government will not let that happen without getting benefits.
So I think, totally, because the only thing they can do is also take advantage of the boom, that is, now with all the possibilities that are coming out of those NFT games, governments can demand that gamers have to pay taxes, it is the most they can do, as they are doing in the Philippines, although I will never agree with this type of controls, blockchain technology and everything that has to do with Bitcoin and cryptocurrencies will never have access to governments and banks, because those are the agencies of control worldwide where they do not allow financial freedom, debt must always exist for them to benefit.
August 31, 2021, 06:51:54 PM
If they ban cryptocurrencies as a whole then they can do that. But knowing that it's a game and people makes money from it, they can put a ban but that will stop people from playing it? no.
There's still a lot of things that the governments should know about the adoption of cryptocurrencies it includes these NFT games and other crowd funding that they've been cracking but how many of those they did really stopped?
There's still a lot of things that the governments should know about the adoption of cryptocurrencies it includes these NFT games and other crowd funding that they've been cracking but how many of those they did really stopped?
August 31, 2021, 06:26:16 PM
The state should not prohibit citizens from accessing encrypted games without reason.
When the game endangers the health of most citizens.
The state will take action to prohibit the use or access of this encrypted game.
When the game endangers the health of most citizens.
The state will take action to prohibit the use or access of this encrypted game.
Depending on rampant of such problem but if it turns out to be on normal scale then it wouldnt really be that much of a problem since there would be no prohibition or something like that.
Just like here on my country where gambling operators that do came from other countries is allowed to operate here as long they would be regulated or licensed.
There are countries which do ban access or simply the sites are making restrictions due to law issues or regulation on each country.
August 31, 2021, 05:38:57 PM
Well for one taxation on a decentralized system like cryptocurrencies would be hard if not outright impossible. The fact that the transactions itself is nigh-untraceable already speaks for itself. Then again what a government can do is have ISPs operating within their country impose website restrictions on key sites where cryptocurrencies mostly operate, but this will be counterintuitive since what they want to happen is to tax let's say a cryptocurrency game. So they're basically in a deadlock situation where they ought to allow these games to be operable within their territories without tax until they find a surefire way to do so.
The state should not prohibit citizens from accessing encrypted games without reason.
When the game endangers the health of most citizens.
The state will take action to prohibit the use or access of this encrypted game.
The government will make all kinds of excuses to impose these bans and will mask it as reasons. We cannot do anything about this type of scenario but what we can do though is to stand up against malpractice within the confines of the government. If you think taxing or imposing a ban on cryptocurrency games is unjustified then there should be protests and movements that the people who support the operation of cryptocurrency games and cryptocurrencies in general are to make to ensure that their voices are heard, lest these efforts will all be wasted. When the game endangers the health of most citizens.
The state will take action to prohibit the use or access of this encrypted game.
August 31, 2021, 03:22:10 PM
Right now, Government of my country is in a process of trying to track players/account holders of a one crypto game to ask for tax because of fast and good earning rate, and I think it's not possible. So in my conclusion if they can't tracked players, is there a possibility of a country to ban this NFT game? I want to know everyone's opinion.
They can ban a website? But I am not sure if they can ban a game as a whole. Think about it, in a game like axie infinity, many things are done via the game itself, and you need to play the game and access to the website in order to do it, but with a VPN all of the bans would be solved, many websites are illegal in many nations but we just use VPN and that's it, no problem at all.This is why I believe that we should not be really worried all that much about a nation banning it as a whole. Sure it is still "banned" but that is not a bad thing, it is not a situation that we can't handle and which is why we should not be worried. At the end of the day so many things in digital world are out of nations hands that governments of the world could try their best but nothing will really happen. Look at wikileaks, that was banned in sooo many nations but it is still accessible.
August 31, 2021, 02:16:31 AM
The state should not prohibit citizens from accessing encrypted games without reason.
When the game endangers the health of most citizens.
The state will take action to prohibit the use or access of this encrypted game.
When the game endangers the health of most citizens.
The state will take action to prohibit the use or access of this encrypted game.
August 30, 2021, 10:32:30 AM
Right now, Government of my country is in a process of trying to track players/account holders of a one crypto game to ask for tax because of fast and good earning rate, and I think it's not possible. So in my conclusion if they can't tracked players, is there a possibility of a country to ban this NFT game? I want to know everyone's opinion.
Banning of cryptocurrency games is the best for a country to do maybe because of tax issues but I know they'll have the power to do such. It possible to restrict players that are playing the games but their is another way round players can tweak the restrictions by the use of VPN which can change the IP address of the player making it hard for it to be restricted. Many gambling platforms have always escape tax payment by using different means to hide their activities from the government. August 30, 2021, 06:30:17 AM
Can renting foreign servers escape the supervision of the local government?
Whether it can be banned depends on how the local law stipulates.
In my opinion, blockchain is popular in the world, and it is not easy to find project subjects.
Whether it can be banned depends on how the local law stipulates.
In my opinion, blockchain is popular in the world, and it is not easy to find project subjects.
August 30, 2021, 04:59:43 AM
Government can ban anything that they think is somehow not according to their rules and regulations and something that might cause them to loose their powers. When we are talking about the NFT games then you have to realize that, these games are usually something that people cannot trace 50% of the times and if someone does win and still tries to evade tax then it would have probelm for the overall community and not just that person alone.
I do think you should not think much about it and enjoy it as long as you are able to. Since if it gets banned there would honestly be nothing that can be done for a while, using VPN might not be a good idea, therefore I do think that they might reevaluate their decisions later on.
I do think you should not think much about it and enjoy it as long as you are able to. Since if it gets banned there would honestly be nothing that can be done for a while, using VPN might not be a good idea, therefore I do think that they might reevaluate their decisions later on.
August 29, 2021, 11:54:22 PM
Of course, they could proclaim a ban.
However, whether or not the ban actually has an effect is a different topic for discussion altogether. It is impossible for them to actually to shut down a decentralised network but totally possible for them to take something like Axie Infinity's site onto the banned list of websites.
This is true for pretty much all blockchain projects. Soft bans are always possible but at the same time circumventable.
However, whether or not the ban actually has an effect is a different topic for discussion altogether. It is impossible for them to actually to shut down a decentralised network but totally possible for them to take something like Axie Infinity's site onto the banned list of websites.
This is true for pretty much all blockchain projects. Soft bans are always possible but at the same time circumventable.
August 29, 2021, 11:04:55 PM
The government can easily ban the NFT games by collaborating with the ISP provider and block the connection. But people can use VPN to access the game or the provider to playing and earn money from the NFT games and nothing can stop them. I think the government will try to chase the tax from people because people can make a lot of money and the government will not let that happen without getting benefits.
How can the government "easily ban" games, when you yourself state that using a VPN this ban can be removed? The government needs to understand that the world has become smaller as a result of internet penetration. What they need to do is to lower the tax rates or make the tax levels more reasonable. Nowadays people are more rebellious, and they see no point in paying 50% or 60% of their income in the form of taxes (both direct and indirect ones). If the tax rates are reasonable, then the population will pay their dues without any compulsion from the government.
August 29, 2021, 06:36:23 PM
Right now, Government of my country is in a process of trying to track players/account holders of a one crypto game to ask for tax because of fast and good earning rate, and I think it's not possible. So in my conclusion if they can't tracked players, is there a possibility of a country to ban this NFT game? I want to know everyone's opinion.
You need to understand that most the time politicians do not really know what they're talking about, it is impossible that they are experts on every single topic in which they pass different laws, as such it is entirely possible that they approve legislation that bans or prohibits cryptocurrencies, however the problem is going to be the implementation of such legislation.So as long as you have taken the right precautions you have nothing to worry about, however it is fair to wonder if it's worth to break the law of your country by keep doing that activity as long as the law is in place.
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