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

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)