In Episode 192 of My Metaverse Minute, Kieron details how a Norwegian government agency is entering the Metaverse to assist digital natives with their tax responsibilities.
Highlights
00:13 — The Brønnøysund Register Center, a Norwegian government agency, has partnered with Ernst & Young, an accounting firm, to enter the Metaverse. The partnership will launch a virtual office location in the Metaverse.
00:31 — Currently, the Brønnøysund Register Center is responsible for managing public registers and digital exchanges. In the Metaverse, the agency has said it wants to target its efforts to digital natives and assist them in their tax responsibilities.
01:13 — This partnership is directed at younger populations, who are the largest demographic of Metaverse users. Aside from helping this targeted group, it enables Norway’s government agency to demonstrate to users who use cryptocurrency and other digital tokens how to take these digital assets through the tax system. The agency also offers advice on how digital finance can create strong businesses.
02:34 — Few government agencies, if any, have demonstrated this “two-way street approach” in their Metaverse activities. Kieron says, “at the moment, it is absolutely essential.” The Brønnøysund Register Centre’s involvements in the Metaverse create a transactional relationship between the agency and other Metaverse users. The transactional relationship will be an interesting model to replicate in the future of the Metaverse.
