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Episode 68: Fiscal concerns related to utility tokens and the token economy | Tax laws surrounding NFTs
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There are several fiscal concerns related to utility tokens and the token economy, including lack of regulatory clarity, market volatility, fraud, taxation, liquidity issues, and security risks. Taxation for NFTs depends on whether they were sold, created as a hobby or a business, or if royalties were received from the sale. Tax laws surrounding NFTs are still evolving, so it's important to seek guidance from a tax professional.
Today's podcast guests:
Erik Hensel, Tech Entrepreneur, MNTG: https://www.linkedin.com/in/erik-h-a2393020/
Dennis Post, Partner Tax at EY: https://www.linkedin.com/in/dennisrpost/
Alex Bausch, (host), Chairman 2Tokens: https://www.linkedin.com/in/alexbausch/
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Website 👉 https://www.2tokens.org/
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