The Financial Advanced Cyber Team of the FIOD has produced an interactive document about Non-Fungible Tokens (NFTs) . NFTs are cryptographically signed deeds of ownership that are stored on a blockchain .
NFTs, unlike cryptocurrencies, are unique and can contain all kinds of information, such as text or links to a web page. They can also represent (digital) files such as art, music and videos. In principle, an NFT has one owner and can be traded freely.
The document addresses the following questions, among others:
– What are NFTs?
– How do NFTs work?
– How can NFTs be used for criminal purposes (such as money laundering).
Source BTW jurisprudentie
Latest Posts in "Netherlands"
- ViDA E‑Invoicing and Digital Reporting in the Netherlands: Strategic Choices and Phased Timeline to 2032
- Netherlands releases cover letter on ViDA assessment
- VAT on Alcoholic Drinks Included in Theater Ticket: Separate Supply, Standard Rate Applies, No Equality Violation
- VAT on Alcoholic Drinks Served During Theatre Intermissions: Separate Taxation from Admission Fee
- VAT on Theatre Tickets: Alcoholic Drink During Intermission Taxed at Standard Rate, Not Reduced Rate
