tokens surrounded by legal and fiscal vagueness

by time news
“There needs to be legal certainty for the actors”, recognizes Jean-Noël Barrot, Minister Delegate for the Digital Transition TSELUIKO_SERHIY/TSViPhoto – stock.adobe.com

The government wants to initiate a reflection on the regulation of these crypto-assets which are not subject to any specific regulation.

While Europe is making great strides in regulating the “financial” uses of cryptoassets, non-fungible tokens are not currently subject to any specific regulation. “There is a legal and fiscal vagueness at present, because the qualification des NFT is complex as the use cases they address are extremely different“Explains Faustine Fleuret, President of the Association for the Development of Digital Assets (Adan).

Last week, the European Parliament’s Economics Committee voted overwhelmingly in favor of the draft MiCA (Markets in Crypto-Asset) regulation, a new harmonized regulatory framework at EU-27 level for crypto-assets, which has yet to be finalized. a vote by MEPs before final adoption. After much discussion, NFTs were, a priori, excluded from the scope of MiCa, precisely because of their excessive heterogeneity, some NFTs not being comparable to financial assets.

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