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Will crypto bill also set a path for NFTs?
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economictimes.indiatimes.comNon-fungible tokens (NFT) are the latest fad among the cryptocurrency investors eyeing to buy the latest artworks in the digital form. NFTs are digital art collectibles that derive value from being unique and rare digital collectibles. The value of NFTs depends on the buyer's interest and bidding in auctions. The concept is in an early phase of growth. Industry experts are hoping that the segment would get some clarity after the proposed cryptocurrency bill gets cleared in Parliament during the ongoing session. The bill aims to roll out the regulatory framework such as legal status, classification and taxation of digital assets.
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