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⚖️📚Some #legal thoughts on #NFTs 👇
1️⃣ Generally NFTs will NOT constitute securities (in US or UK)
🇺🇸Not ‘investment contracts’ (under #Howey test)
🇬🇧Not security tokens or e-money tokens, and so are ‘unregulated tokens’
(1 of 6) @OVioHQ @jamie247
1️⃣ Generally NFTs will NOT constitute securities (in US or UK)
🇺🇸Not ‘investment contracts’ (under #Howey test)
🇬🇧Not security tokens or e-money tokens, and so are ‘unregulated tokens’
(1 of 6) @OVioHQ @jamie247
2️⃣🚨#NFTs CAN be securities in certain circumstances
For example:
* fractionalised NFTs embodying rights to royalties; or
* NFTs sold with promise of future liquidity & continued services from issuer
Just calling something an NFT doesn’t change its underlying nature
(2 of 6)
For example:
* fractionalised NFTs embodying rights to royalties; or
* NFTs sold with promise of future liquidity & continued services from issuer
Just calling something an NFT doesn’t change its underlying nature
(2 of 6)
