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"
- Benelux Study Day on E-Invoicing (25 March 2025): Conclusions and Strategic Outlook
- Netherlands Reveals Four-Phase Plan for EU ViDA Implementation by 2030 Deadline
- Easily Avoiding VAT on Webshops: A Loophole Exploited by Business Accounts
- Tax authorities do not inspire confidence that there is a regular customer with ICLs
- Evading VAT via webshops turns out to be a piece of cake