Changes in European laws may affect bitcoinsteemCreated with Sketch.

in #blockchain8 years ago

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Some researchers point out that nearly half of Bitcoin transactions are related to games. The reason is also very simple, since Bitcoin provides players with a higher level of hiding, with less transaction costs.

Given the fact that the markets in Poland, the Netherlands, the Czech Republic and several other European countries are not desirable to serve users with a legally registered company, the companies are the best alternative to Bitcoin games.

Prohibition of more than 250 sites in Poland
The Polish government set a deadline for banning illicit gaming sites by July 1, 2017. Now, after more than 30 days of this date, the impact of this operation on the Polish market can be seen. So far large game sites have left Poland. Historically, countries imposed such restrictions on such businesses. The Polish government has also imposed a high tax on the industry (12% of the volume of transactions), which makes it extremely dangerous for any company, and in the end the Polish Ministry of Economy requires these companies to register and obtain a license from Poland. It is also necessary to hire staff from the Polish people.
Here's clearly the position that has been made for Bitcoin. Legally-owned companies are less or can not afford to pay their own sub-collections to their counterparts. This is where Bitcoin games can enter into action and serve Polish customers without fear of blocking their accounts.

The Czech Republic receives the highest tax
As in Poland, the Czech Republic requires gaming companies to register and require Internet service providers to block IPs from unregistered companies. In addition to turnover taxes, the Czech Republic has decided to implement two other types of taxes. First, every kind of game in which the winner is determined by random methods, accounts for 35% of the game's revenue as a tax; while this figure is one of the highest taxes in Europe, the Czech Republic has not suffered it, and 19 It adds a percentage of the income tax.
Most game companies have decided to close their dealerships in the country. Needless to say, gaming companies that pay by bitcoin can provide these customers without a local registration, and have higher earnings than registered companies.

Conclusion
EU governments are stingering more on internet games. Finally, the government has two precautionary measures: blocking URLs and forcing financial systems to block their accounts; while blocking Internet addresses can easily be bypassed through sub-domains, but avoiding blocking accounts. It is very challenging for companies using basic currencies. In any case, bitcoin can be the final solution in this category, and such a high demand could increase the bitcoin price.

@haji

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Thank You!

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Beautiful analysis