NFT Issuers Could Have to Centralize and Register Under EU's MiCA Rules, France Warns
New European Union rules could force issuers of non-fungible tokens (NFTs) to centralize and register in a move that insiders warn could “significantly broaden” planned EU crypto rules, according to a document seen by CoinDesk.
The document was prepared by France, whose government is responsible for chairing talks within the EU’s council. It is undated, but prepared ahead of a closed-doors meeting due to take place Friday morning European time. Governments and lawmakers need to thrash out their position before the rules, known as the Markets in Crypto Assets Regulation, or MiCA, can pass into law.While governments want to see NFTs entirely excluded from the new law, the European Parliament is worried about their use in laundering schemes and wants tougher rules.
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