- The central register for Norway, The Bronnoysund, declared that they would work with the consulting firm Ernst and Young (EY) to establish a location in Decentraland.
- Nokios claims that the program seeks to serve younger, tech-savvy individuals while also growing its Web3 reach.
- The Bronnoysund is also looking into further Web3 services, such as decentralized autonomous groups (DAO).
With the opening of a metaverse tax office, the Norwegian government is embracing Web3.
The Brønnøysund, Norway’s central register, and Skatteetaten, the country’s tax authority, announced on Wednesday at the Nokios conference that they will collaborate with consulting company Ernst and Young (EY) to open an office in Decentraland.
According to Nokios, the program aims to provide services to younger, tech-savvy people while establishing their Web3 footprint.
In a LinkedIn post on Tuesday, Magnus Jones, the Nordic blockchain lead at EY, expressed his hope that the collaboration with the Norwegian government would help advance education in the cryptocurrency industry by informing users of the taxes associated with decentralized finance (DeFi) and non-fungible tokens (NFT).
Additional Web3 services are also being investigated by The Brønnøysund, including decentralized autonomous organizations (DAO), wallets, smart contracts, and others.
Kudos once more to the Norwegian authorities for their courage in taking action to bring clarity to a murky situation, Jones said.
Building further on releasing the first tax guidelines in the history of the world on how to tax DeFi and also NFTs, and being a leader in the crypto area generally.
Norway has been gradually integrating crypto services at the national level outside of the metaverse. The government said in June that it would create a capitalization tables platform for unlisted companies using the Ethereum scaling tool Arbitrum.
In a discussion on Twitter, Arbitrum stated, “We’re excited to see what else the world will attempt to build atop Ethereum, and we’re dedicated to doing our part to scale Ethereum globally.
We’re very intrigued to see what more the world will seek to build atop Ethereum, and we’re committed to doing our part to scale Ethereum globally. 🌐💙— Arbitrum (@arbitrum) June 24, 2022
In the past few months, the metaverse has witnessed a significant influx of investments from governments and institutions. United Arab Emirates and Multiverse Labs joined together earlier this month to introduce a new city in the metaverse to promote tourism.
The International Criminal Police Organization (Interpol) declared last week that its metaverse was now fully operating. Interpol stated that it would be able to provide immersive training programs to law enforcement organizations all over the world thanks to the new virtual world.