Is there a possibility of a Country to ban access to Crypto games?

[kenskie]

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.

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[zanezane]

Are you talking about Axie Infinity? I think that a decentralized platform can't be taxed or banned by the government and it's going to be difficult for them to ban the game because people will find a way to bypass the ban and go on like it's not banned.

[Yogee]

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.

Where is the company behind this game registered? They can easily extract those information if it is within their jurisdiction.

So in my conclusion if they can't tracked players, is there a possibility of a country to ban this NFT game?

There is a possibility to block the site but there's a workaround.

Are you talking about Axie Infinity? I think that a decentralized platform can't be taxed or banned by the government and it's going to be difficult for them to ban the game because people will find a way to bypass the ban and go on like it's not banned.

The platform may be "decentralized" but not the company. They can be taxed and have their business license revoked.

[uneng]

Yes, it's possible some countries pass a law which includes NFT/Blockchain games in gambling category, banning all of them together. As these games become more popular and some people start losing their money by playing virtual games I think it's very likely to happen. All the government needs to do is to send a project to the legislative house and get it approved.

If the hypothetical law would work in practice or not it's another story. I can say it's really hard to ban/forbid online activity due to VPN and P2P transactions.

[hatshepsut93]

They can order ISPs to block the game's website if there is such. But these days everyone knows how to bypass such bans with a VPN. But if people convert their crypto gains through centralized exchanges, the government might have a chance to tax people. because centralized exchanges do KYC and might be forced to report on their user's trading activities.

[cabron]

This is bad for the Axie players. If the government wants to milk from your earnings, then it's their rights too. There are many games out there anyway games come out every now and then and there is a wide new opportunity for gamers out there. One will be blocked others will open, it's going to be a battle for the government and ISP once players found a way to navigate. I'm sure there are tools out there to be used.

If they are just going to get tax from players, they could just do it to the apps in the country like the Strike app and forget about blocking games because its more money for the government if they won't be blocking anything at all from this industry.

[dimonstration]

Are you talking about Axie Infinity? I think that a decentralized platform can't be taxed or banned by the government and it's going to be difficult for them to ban the game because people will find a way to bypass the ban and go on like it's not banned.

Our government now is planning to tax crypto investors and players, I think they can track it like how they track youtube vloggers to pay their taxes. They can’t tax the small earners but those who might ise the bank or if they have contact with the company they can probably. Im not sure yet how they will do it since its crypto and there many ways to cashout it bit soon they will sure yo figure it out especially now they see the interest of people in it

[LUCKMCFLY]

There may be many restrictions on a specific game, but there are many informational tools to skip them, in this sense I think it would be a lot of effort for a government to do so, also a government cannot handle satellite connections, there are nearby countries, such is the In the case of Venezuela and Colombia, many Venezuelans set up Colombian antennas and pay for Colombian internet and cable television services, that is a very elegant way to bypass such prohibitions. For some it is easier to acquire services from another country and it is paid on a regular basis, in fact in Venezuela itself you can pay for those services, and the government is so bad that it does not even have control of those things, because it is simply a lot of effort and he would be fighting a much smarter conglomerate.

[just_Alice]

You’re giving too few details. What country, what’s the overall status of cryptocurrencies there, who’s a distributor of these games?

Naturally, I think, the company should’ve come to certain terms with your government and either require KYC or make this game unavailable in your region, if taxes in this case is an obligation dictated by the laws of your country.

I suggest you just pay the taxes, as if you’re caught, tax evasion can be punished pretty seriously in most countries.

[Wexnident]

Too vague ngl. There's a similar situation in my country (PH) where the Government plans to Tax the NFT game Axie Infinity, but close to no news about it being "banned" or whatnot. I'd consider it from my case, my country just to give an answer. It's rather easy to avoid it tbh. The government can't exactly ban, or heck, touch the company themselves since there's no reason to. Even if they forced a reason, at most, they would ban access to the site, but can't really touch the company themselves. Also let's be real, who here doesn't know how to bypass bans like that.

Honestly, it's a useless endeavor. if they ever do so, wasted resources for them and them only, since their ban basically hit nobody. There's also no way they can track the info of players since the info is handled by the game company, and the game company themselves don't really ask for KYC, so no way to track their irl info. They also don't need the permission of a country to run a game, since if it was like that, then every other company should also do so right?

[Frengki_cisco]

is there a possibility of a country to ban this NFT game? I want to know everyone's opinion.

Countries can do that, block access to certain sites, for example gaming sites, porn sites, etc, they have no trouble doing that.
Exception, they cannot prohibit users from playing crypto games online, if for taxation reasons, what i know about sites that pay taxes for non player country games that don't pay taxes are likely to be closed, and vice versa.

[Darker45]

There is a possibility and, yes, any country can indeed ban cryptocurrency-based games. As for the former, I can't imagine a fair reason why a certain NFT game is to be banned simply because the people are earning and the government fails to collect taxes from them. That's too shallow a reason for a ban. As for the latter, there's always a way to go around it. So, all in all, I guess you shouldn't worry that much, especially because it seems you are referring to a country not as strict as North Korea or China.

[vv181]

Why would you think it is not possible? Governments have all the things about the surveillance tools, I don't think there are any options they couldn't track any of it. Even if we mentioning the decentralized nature of cryptocurrencies space, they can enforce any regulation or law that they like to prohibit people to not get taxed.

Here is the thing, Game/ E-sports are a multi-billion market, and the crowd are now seeing some innovation about game embedded with NFT, in short, E-sport industries are matured enough, and combined with cryptocurrencies who recently gaining a lot of traction, it will make people bat an eye into it. Governments surely won't miss a thing to get their citizen get taxed.

[xSkylarx]

is there a possibility of a country to ban this NFT game? I want to know everyone's opinion.

Countries-can do that, block access to certain sites, for example gaming sites, porn sites, etc., they have no trouble doing that.
Exception, they cannot prohibit users from playing crypto games online, if for taxation reasons, what i know about sites that pay taxes for non-player_country-games that don't pay taxes are likely to be closed, and vice versa.

Agree! But it's difficult because they don't have any justifications for blocking it, and people are profiting from it, so why are they going to ban it? Taxing it is the most likely they would do because it involves income. Here in our country, crypto is becoming more well-known, and Axie is particularly well-known; as a result, the government has stepped in and announced that players will be taxed.

[raidarksword]

Nothing to worry about it hence NFT games are part of crypto currency market and blockchain technology, government nor country cannot ban that because it is a decentralized platform that no one can touch it. If you are referring to Axie Infinity, definitely BIR or SEC can't tax people who were playing or breeders directly, they have to conduct first a crypto regulations before imposing such scoundrel imposition.

[stompix]

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.

Why do people only focus on the earnings in crypto and always forget that the money you earn, be it $ or BTC or god knows what token when you're going to take those profits and use them in real life you will be easily discovered if the sum is a bit over the average earnings? You will have at one point to convert your coins to fiat, you will have to use a card, a bank account, and atm, you will buy stuff that can be tracked, if you go an buy a car and you're without a job how long do you think it will go to take before the IRS equivalent is on your case?

If we start from the hypothesis of a government being bent on tracking you then you can expect the worse, just pay your income tax and enjoy some sleep at night, tax evasion once caught without good lawyers will not be worth it.

The government can't exactly ban, or heck, touch the company themselves since there's no reason to. Even if they forced a reason, at most, they would ban access to the site, but can't really touch the company themselves.

Depends a lot on what government we're talking about...
A 40+ employees company in Vietnam is hardly something intouchable.

Plus there's no law backing them up to tax the income from those games, remember that US has done this to bitcoin and they've failed already.

When did this thing you're talking about happen?   

[isaac_clarke22]

~.

Well they're milking it anyway in other means already, such as for those people using custodial wallets, plus they would need to comply to KYC requirements before they have the full features that their wallet offers. It is not just happening to Axie Infinity.

That game, by the way, gets pretty hyped up in here and people are finding all those opportunities to apply for scholarships.

[Kakmakr]

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.

Local law enforcement can subpoena your ISP to give them access to their "logs" on their server to determine what sites was visited by the users. So they do not have to contact the game provider that are most probably in another country.

Also, if you transfer money from your local exchange to buy "credits" or "tokens" ... they can subpoena your local Exchange to get those logs. (Most income goes through the local exchanges, so they know about that)

In my country tax authorities audit your returns and do lifestyle audits and if you cannot explain your income... then you in deep trouble. 

[fortunecrypto]

Are you talking about Axie Infinity? I think that a decentralized platform can't be taxed or banned by the government and it's going to be difficult for them to ban the game because people will find a way to bypass the ban and go on like it's not banned.

Yes, it is Axie and he is talking about the Philippine players because this is the big news in the Philippines because so many media are covering people who made a lot of money and still making money, and the government because of lack of funds are looking at online influencers and Axie players, banning the Axie site is a bad idea because people have invested a lot of money here and some players are willing to help the country paying taxes, not all Axie players are on the taxable threshold.

[ipanks]

The only way for you to avoid the tracking from your government is not to cash out the money to your bank account in a big amount because that can make the bank alarm sound and report to the government. The government can track players by their connection on the internet or filtering their connection so the government knows who the player is. But I do not think that will stop the players from playing the NFT game because they will use other ways to play the games.