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Enforcing NFTs in the fog

The image of the digital monkey “Bored ape yacht club”, which was sold in the form of NFT (“irreplaceable tokens”) last October on the Internet for several million dollars. This is one of the most well-known examples of the sometimes over-indulgence that NFTs can cause, these well-known digital property certificates attached to virtual (or sometimes real) products in cryptocurrencies purchased. Pictures, pieces of music, video games, or even branded shoes, such as purely virtual Nike sneakers, this embryonic practice can bring great benefits to those who embark on an adventure.

Only here, if the legislator hastened to establish a tax framework for cryptocurrencies, he is currently completely silent about the regime that should be applied to the profits from the completion of the sale of NFT. Legal fluctuations that can make users և tax experts sweat cold. Because, suddenly, it is up to them to decide their diet…

Source: Le Figaro

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