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The U.S. Department of the Treasury classifies virtual currencies such as NFTs and stablecoins as digital assets

2022-10-19 15:47:59
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ChainCatcher news, according to NFTgators, this week, the U.S. Department of the Treasury's tax division released a document classifying NFTs alongside stablecoins and other virtual currencies as digital assets. The document states, "Digital assets are digital representations of value recorded on a distributed ledger or similar technology, such as NFTs and stablecoins. If a specific asset has the characteristics of a digital asset, it will be considered a digital asset for federal income tax purposes." (source link)

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