Quote from: franky1 on March 29, 2023, 11:39:42 PM

imagine it

paying tax on ingame purchases.. turns Steam into tax reporting agents of its customers rather than games retailers

so soon you wont be able to play online games without KYC

And on that case, Steam is much better and not subject to tough ruling than of those who holds NFTs and cryptocurrencies.

Quote from: odunybiz on Today at 10:25:27 PM

Quote from: franky1 on March 29, 2023, 11:39:42 PM

so soon you wont be able to play online games without KYC

Do you think KYC will be necessary to play online games? I don't see any important in this KYC when it come to online game.

It's just like a projection that possibly might happen and the comparison is that, playing online games might require some spending as well but the money that's being used there will only be subject to taxation from the game developers and not with the players.

Whilst in NFTs, we've known that there have been P2E games that requires NFTs as game characters in able to start the game. Having that said, it's not only the developers are subject to taxation but also the players.