# Disclaimer

## Taxation

As the platform economy is based on an internal Arata Token which has no other monetary value outside the platform, no taxes are applicable to holders of ARATA Coin.

However, if a holder of a ARATA Coin chooses to sell his or her coins for fiat or digital currency, he/she may be subjected to taxation, depending on jurisdiction of residence.

Arata bears no responsibility for any taxation issues arising from surrendering of ARATA Coins on a secondary market.


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