U.S. IRS explores NFT taxation; seeks public discourse

The United States Internal Revenue Service (IRS) has announced plans to release guidance on the taxation of Non-Fungible Tokens [NFTs] as collectibles under the U.S. tax code. In a notice released on 21 March, the IRS, along with the United States Treasury Department, called for feedback from the U.S. public on how NFTs should be taxed as collectibles.