<p>It depends on where you live, where you sell and who the buyer is.</p>

<p>If your jurisdiction regulates this stuff or your buyer is say, a US citizen, regulations may apply. You may be able to work around that by implementing certain basic rules such KYC/AML, either full blown, or basic (such as the user confirming they're not a US resident or citizen, etc.)</p>

<p>There are several games that do exactly that on the Counterparty platform without issues, but that doesn't mean anyone can do it.</p>

<p>Recently there's been a growing number of regulations about ICOs and "tokens", so best check with someone who understands laws and regulations that apply to your territory and is qualified to give legal advice.</p>

CC BY-SA 3.0
2017-11-03T16:09:34.000Z
2017-11-03T16:09:34.000Z
whatever
<p>I want to sell the tokens (counterparty asset) for my online game via standard shopping cart. Is that "legal" or is my only option to trade BTC for the token via exchange?</p>

CC BY-SA 3.0
2017-07-17T00:34:43.200Z
What country are you operating in? I think you should talk to a lawyer.
Murch
CC BY-SA 3.0
2018-02-05T21:16:01.003Z
I'm voting to close this question as off-topic because the question should be referred to a lawyer fluent in the subject matter who resides in your local jurisdiction.
Hannah Vernon
<counterparty>
Am I legally allowed to accept fiat currency online and return a counterparty asset/token?
user54613
# Am I legally allowed to accept fiat currency online and return a counterparty asset/token?

(Asked by: username_0 on 2017-07-16)

I want to sell the tokens (counterparty asset) for my online game via standard shopping cart. Is that "legal" or is my only option to trade BTC for the token via exchange?

**Tags:** counterparty

> **Comments:**
> **username_1**: What country are you operating in? I think you should talk to a lawyer.  
> **username_2**: I'm voting to close this question as off-topic because the question should be referred to a lawyer fluent in the subject matter who resides in your local jurisdiction.  

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## 1 answers

### Answer by username_3 on 2017-11-03. Score: 1

It depends on where you live, where you sell and who the buyer is.

If your jurisdiction regulates this stuff or your buyer is say, a US citizen, regulations may apply. You may be able to work around that by implementing certain basic rules such KYC/AML, either full blown, or basic (such as the user confirming they're not a US resident or citizen, etc.)

There are several games that do exactly that on the Counterparty platform without issues, but that doesn't mean anyone can do it.

Recently there's been a growing number of regulations about ICOs and "tokens", so best check with someone who understands laws and regulations that apply to your territory and is qualified to give legal advice.


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