German Federal Financial Supervision Agency ( BaFin), noted that NFTs are not yet ready to be valued as securities.
BaFinReferring to the classification difficulties for NFT, he stated that it is not correct to classify them as securities for now. BaFinIn line with the article published on March 8, NFT addressed the industry. German voicing his reservations about NFTs regulatorBaFin, mentioning for the current process NFT‘s yet securitiesHe stressed that it would not be correct to describe it as such.
BaFin Proposes a Different Case for NFTs
For now NFTthat do not classify securities as securities BaFin , reported that this may change for future planning. Making statements for the future process BaFin, “NFTs can be classified as securities, for example provided that 1,000 NFTs contain the same repayment and interest claims.”expressed his words.
German regulatory system BaFin, NFT He suggested a different approach by not classifying them as securities yet. Addressing crypto asset classification BaFin, NFT He stated that they will take action according to the situations that will occur in order to classify them. Also for now NFT to their classificationcompletely hot not looking BaFin, reported that the situation may change for the next process.
