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Web3 Games Regulation: KYC, AML and VAT - FOGcast #37

Future of Gaming

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The Importance of Terms of Agreements

VAT is a value-added tax that applies to digital goods. In Sweden, there's 12% VAT on art; in Belgium it falls with 25%. Devon: It doesn't matter what you were writing in terms of agreement. The one thing that many of these marketplaces, I think, are potentially going to set them up in having issues because they're not responsible for VAT.

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