The government wants to initiate a reflection on the regulation of these crypto-assets that are not subject to specific regulation.
While Europe is making great strides in regulating the “financial” use of cryptoassets, non-exchangeable tokens are currently not subject to specific regulation. “There is currently a legal and fiscal ambiguity due to the qualification NFTs is complex because 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 EU-27 harmonized regulatory framework for crypto-assets, which has yet to be finalized. MEPs before final approval. After much discussion, NFCs were a priori excluded from the scope of MiCa precisely because of their excessive heterogeneity, as some NFCs are not comparable to financial assets.