Legal Issues behind NFTs in Different Countries

May 25, 2022

NFT communities emerge and thrive all over the world, the traffic analysis shows. Central and South Asian countries top the chart in terms of NFT adoption. But the trend is global since none of the regions accounts for over 40% of all web traffic, according to Chainalysis.

Source: Chainalysis

While NFTs are unique tokens, the legal concerns about these assets are quite similar. Yet, the watchdogs in various countries classify the non-fungible tokens differently. Thus, they’re subject to different regulations. OneArt is getting a sneak peek at regulatory issues that companies jumping into the NFT market may face.

What are the key legal concerns?

  • Classification problems. Should authorities treat NFTs as personal-use…

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