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PwC releases report on non-fungible tokens

  • GLO
  • January 12th 2022
  • By Brian Goldstein
While it may be some time before NFTs reach a mature stage, NFT participants may want to seek advice now on the potential tax implications.

PwC recently released its report on Non-Fungible Tokens (NFTs): Legal, tax and accounting considerations you need to know, which covers the sparse guidance to date on various legal, regulatory, accounting, and tax issues related to NFTs (i.e., unique and non-interchangeable digital assets stored on a blockchain). The rapid rise of NFTs has surprised people not only about the growth of the ecosystem but also about the practical utilities of NFTs across many industries.

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