Taxation aspects of Non Fungible Tokens (NFTs) on art

Non Fungible Tokens (“NFTs”) are in the conceptual category of valueless tokens, i.e. those cryptographic mathematical units whose function is exhausted in their ownership and have no other utility than their “uniqueness”. Non-fungibility therefore allows the tokens to be distinguishable from one another, and thus each token is different from one another. The first form … Read more

Hester Pierce (SEC): NFTs are not investment products

Hester Pierce warns that the sale of “fractional” NFTs may not be legal.  Hester Pierce is a commissioner at the SEC, also known as “crypto mom” due to her particularly pro-crypto positions. While taking part in the Security Token Summit organized by Draper Goren Holm, she was asked about the current trend in the cryptocurrency … Read more

Enjin Coin Becomes First Gaming Cryptocurrency Whitelisted for Use in Japan

Enjin Coin (ENJ) has jumped over Japan’s strict regulatory hurdles to become the first gaming cryptocurrency to be whitelisted for use in the nation. According to a press release shared to CoinDesk on Tuesday, ENJ has been given the official nod by the Japan Virtual Currency Exchange Association (JVCEA), the country’s self-regulatory body overseeing cryptocurrency … Read more