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NFT Tax Guide: What Creators and Investors Need to Know About NFT Taxes
Hence, there is a shift in the way brands, consumers and enterprises are going about. Governments believe blockchain technology can get regulated. This is as long as there are adequate, standardized norms for NFTs. Let’s start today’s topic about NFT taxes by first, understanding how NFTs work.
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Today’s topic is about taxes. We’ll first understand what NFTs and taxes are. Then move on towards understanding the purpose of taxes in simple, high-level terms. Done, we will see how governments of the world are contemplating to collect tax from the NFT market. They enthused about the emergence of a new global market.
