German Federal Financial Supervisory Authority: In the regulatory sense, NFT has not been classified as securities
On March 8, the BaFin Journal of the German Federal Financial Supervisory Authority (BaFin) reported that in the regulatory review of NFT, the BaFin process is the same as the review of alternative tokens. So far, NFT has not been classified as securities in the regulatory sense, but it is not ruled out that NFT will be classified as securities in the future. For example, this may happen if 1000 NFTs contain the same repayment and interest requirements. In addition, NFT may be subject to anti-money laundering supervision by BaFin. （BaFinJournal）
Interpretation of this information:
In a report issued by the German Federal Financial Supervisory Authority (BaFin), it was stated that the regulatory review of non-fungible tokens (NFTs) will be the same as that of other alternative tokens. While NFTs have not been classified as securities in a regulatory sense, it is not entirely ruled out that they may be classified as such in the future. This could happen if a certain number of NFTs carry the same repayment and interest requirements. Moreover, the BaFin has emphasized that NFTs may be subjected to anti-money laundering supervision.
This statement by the BaFin is important for both investors and issuers of NFTs. It clarifies that NFTs are under the same regulatory scrutiny as other types of tokens, such as utility tokens or security tokens. While NFTs may not be classified as securities yet, the BaFin has left the possibility open for this to happen in the future. This underscores the need for issuers of NFTs to be aware of their legal obligations and ensure that they comply with all relevant regulations.
The mention of anti-money laundering supervision by the BaFin is also noteworthy. This suggests that the BaFin is taking a proactive approach to ensure that NFTs are not used for illicit purposes, such as money laundering or terrorist financing. This is in line with the global trend of regulating virtual assets and ensuring that they are not used to facilitate criminal activity.
In summary, the BaFin has clarified that the regulatory review of NFTs is the same as that of other types of tokens. While NFTs are not currently classified as securities, this may change in the future if certain conditions are met. Moreover, NFTs may be subjected to anti-money laundering supervision, underscoring the need for issuers to be aware of their legal obligations.
This article and pictures are from the Internet and do not represent 96Coin's position. If you infringe, please contact us to delete:https://www.96coin.com/39480.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.