When do NFTs count as securities, German regulator Bafin asks in an article today. jackschickler reports.
Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.No non-fungible tokens are yet classified as securities – a status that would require licenses and money laundering supervision, German financial regulator BaFin said Wednesday.
Using the blockchain-based tokens which denotes ownership of a digital asset for pure speculation doesn’t make it an investment instrument, but some NFTs in future could fall under financial regulations – for example if a large set offer the same interest payments, the“So far, BaFin is not aware of any NFTs classified as securities in the regulatory sense,” the article said. “However, it cannot be ruled out that NFT will be classified as a security in the future.
Financial instruments would make linked services like investment advice or brokerage subject to regulatory scrutiny – but proof of ownership of collectibles or artwork are unlikely to count under money laundering laws, the article said. It added that regulators need to take account of the stability and integrity of the financial system.
How to treat NFTs has been a crucial issue for the Markets in Crypto Assets regulation , set to apply in Germany and across the European Union within a few years. The final deal requires regulators to look at theIn the U.S., whether particular crypto assets fall under the
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Europe's Nord Stream attack probes go on as report blames pro-Ukraine group'The German government has taken note of the report,' a German official told Newsweek.
Leer más »
Hermes seeks court injunction to halt sales of MetaBirkin NFTs: ReutersThe fashion brand wants the court to force digital artist Mason Rothschild to stop promoting the NFTs based on Hermes's famous Birkin bags.
Leer más »
Hermès asks court to halt sales of MetaBirkin NFTs following recent jury decisionAccording to recent court filing by Hermes, Mason Rothschild is still receiving a 7.5% royalty for each sale of MetaBirkin NFTs and has been promoting them on his website and social media accounts even after the verdict in February.
Leer más »
Hermès Asks Court for Control Over MetaBirkin NFTsThe fashion house asked that Rothschild transfer any Metabirkin NFTs in his possession to a crypto wallet designated by Hèrmes as well as hand over control of the MetaBirkins smart contract, domain names and social media handles. RosiePerper reports:
Leer más »