Metaverse
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Metaverse is considered as a combination of technical elements, including virtual and augmented reality and video, where users "live" within a digital universe. Supporters of the metaverse envision its users working, playing and staying connected with friends through everything from music concerts or meetings to virtual trips around the world. As an innovative company, we have bought land in Sandbox and decided to educate ourselves about this new world modern technology has brought us. Once our clients started asking us what can they do in Metaverse and how, we knew we had to join this trend, and that is exactly what we did.
Metaverse
The term Metaverse has often been used as a buzzword to exaggerate the development progress of various technologies and projects for public relations purposes. Yes, technology is developing fast, and many interesting business concepts are arising. However, some other aspects of business, that are also important, are not that much a part of the conversation yet. Privacy policies, user safety, addiction, possible fiscalization and many other topics are only some of the concerns within Metaverse that need to be taken much more seriously in the future.
Fiscal Solutions is following retailers into Metaverse!
Latest news for Metaverse
See moreTLv6 Implementation Marks Significant Shift in EU’s Trust List Format
A new EU Trust List format, TLv6, will officially replace TLv5 in May 2025 as part of the updated eIDAS Regulation (EU 2024/1183). It introduces key technical changes like a new URI field, updated signature format, and optional phone number support. Organizations must update their systems to avoid signature validation failures and service disruptions, as TLv5 will no longer be valid once TLv6 take... Read more
A new EU Trust List format, TLv6, will officially replace TLv5 in May 2025 as part of the updated eI... Read more
New document was uploaded: Recorded webinar: E-invoicing for Global Retailers
If you are struggling with complex e-invoicing implementations across multiple countries, and if you are concerned about mounting costs, potential delays, or compliance risks, our webinar will help you to learn how global retailers can streamline e-invoicing efficiently! With countries worldwide mandating e-invoicing, international retailers face unique challenges adapting to new regulations acros... Read more
If you are struggling with complex e-invoicing implementations across multiple countries, and if you... Read more
How to spend and store Bitcoin in Switzerland?
Metaverse
Author: Tara Nedeljkovic
Spending Bitcoin in Switzerland is becoming easier as more areas started to adopt cryptocurrency payments. In some cities, like Zurich and Geneva, many restaurants and luxury boutiques accept, for instance, Bitcoin. In Lugano, the largest city in the Italian-speaking region of southern Switzerland, Bitcoin is even considered legal tender as of lately. Across Switzerland, certain online merchants a... Read more
Spending Bitcoin in Switzerland is becoming easier as more areas started to adopt cryptocurrency pay... Read more
VAT on cryptocurrency sales in Greece, yes or no?
The Greek Tax Administration has determined that the sale of cryptocurrencies is subject to VAT (value-added tax). This decision is based on the fact that cryptocurrencies are not officially recognised by the state as a legal means of payment. Therefore, they do not benefit from the VAT exemption that applies to foreign exchange transactions, banknotes, and coins that are considered legal tender.... Read more
The Greek Tax Administration has determined that the sale of cryptocurrencies is subject to VAT (val... Read more
Top 5 European Crypto Exchanges in 2024
Metaverse
Author: Kristina Dosen
Many European crypto exchanges operate under different regulations and offer various features and services. Below are the top 5 crypto exchanges in Europe for 2024, based on their popularity of usage, reputation, security, and functionality, not in order. OKX Bybit Binance Kraken Coinbase. OKX is a Seychelles-based platform that offers trading, earning, and growing crypto with 43+ fiat cu... Read more
Many European crypto exchanges operate under different regulations and offer various features and se... Read more
What is crypto-bridging, and how does it work?
Metaverse
Author: Kristina Dosen
Crypto-bridging is the process of connecting different blockchains and enabling the exchange of cryptocurrencies, digital assets, and data across them. Crypto bridges allow different blockchain networks to communicate with one another and exchange assets and information. But how can crypto-bridging be of help to currency owners? It can be of help to owners of these currencies because it enhances... Read more
Crypto-bridging is the process of connecting different blockchains and enabling the exchange of cryp... Read more
Latest document for Metaverse
See moreTax treatment of mobile game sales and in-game purchases
Metaverse
Author: Kristina Dosen
Today, the video game industry is worth more than music and video streaming combined, with a value of $130 billion in 2018 and expected to become a $300 billion industry by 2025. With the rise of mobile games and easy access to those games through platforms such as Google Play or the App Store, the gaming industry has shifted from traditional retail of physical units to digital distribution and ap... Read more
Today, the video game industry is worth more than music and video streaming combined, with a value o... Read more
Taxes in Metaverse
Metaverse
Author: Tara Nedeljković
This presentation introduces you to the Metaverse in terms of business trade and regulation. What is the Metaverse? How can it become an opportunity for businesses? How is Metaverse being regulated? Read more
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This presentation introduces you to the Metaverse in terms of business trade and regulation. What is... Read more
NFT licence agreement
Metaverse
Author: Kristina Dosen
Animoca Brands, a game software company, has issued a set of NFT licenses available under creative commons in an attempt to create a legal framework that will ensure the enforceability of NFT royalties. This licence agreement sets out the terms relating to the grant of a licence in certain intellectual property, which is a collection of digital collectible tokens. The template for the NFT project licence Agreement, which can be used personally, commercially, and without any limits, can be found as follows. Read more
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Animoca Brands, a game software company, has issued a set of NFT licenses available under creative c... Read more
Proposal for a regulation for the Markets in Crypto Assets (MiCA)
Metaverse
Author: Kristina Dosen
On October 5th, 2022, following the trialogue between the European Commission, Council, and Parliament, the Permanent Representatives’ Committee agreed on a draft overall compromise package on the Proposal for the Markets in Crypto Assets (MiCA) framework. MiCA will be applicable across the EU and it will directly apply to all Member States, without the need to further implement it into national... Read more
On October 5th, 2022, following the trialogue between the European Commission, Council, and Parliame... Read more
NFT's in Retail - web3, fiscalization, taxation and POS systems
Metaverse
Author: Tara Nedeljković
The purpose of this document is to provide general information regarding web3, that is blockchain technology, cryptocurrency (“crypto”) and non-tangible tokens (NFTs). In addition to this, the document will provide insights into the tax treatment of transactions related to digital assets, such as crypto and NFTs, and more general terms. Read more
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The purpose of this document is to provide general information regarding web3, that is blockchain te... Read more
Retail Talks: Why Web 3? (Part two) 03.08.2022.
Metaverse
Author: Kristina Dosen
We see Web 3 as the evolution of technology and business concepts. If we talk about fiscalization, we think that the fiscalization will move in the web 3 direction. Why Web 3? Why is Fiscal Solutions investing so much effort in this topic? What is the use of Web 3 in fiscalization?Let’s hear what the CEO of Fiscal Solutions, Darko Pavic, has to say! Read more
We see Web 3 as the evolution of technology and business concepts. If we talk about fiscalization, w... Read more