Breaking: U.S. IRS Considers Taxing NFTs On Par With Other Collectibles

NFT News: The Treasury Department and the Internal Revenue Service made an announcement on Tuesday that they are considering taxing digital collectibles such as NFTs and are requesting feedback for upcoming guidelines about the tax treatment of digital collectibles. They plan to release more comprehensive instructions shortly on NFTs, which have grown to be one of the most sought-after financial instruments in the crypto market since its mainstream entry in 2017.