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Cryptocurrency News

US federal agency issues legal advisory on NFT investments

07/20/2022

Less than a minute

2022.07.20 14:50

The United States Office of Government Ethics (OGE) issued a legal advisory recommending various instances when senior government officials are required to disclose their investments in nonfungible tokens (NFT).

In the legal advisory presented to the designated agency ethics officials, director Emory Rounds III said that all NFT investments — both fractionalized (F-NFTs) and collectibles — worth $1,000 must be reported if “held for investment or production of income” at the end of the reporting period.

Factors to consider for financial disclosure. Source: oge.gov

Source

07/20/2022

Less than a minute