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In Austria, the regulations surrounding cryptocurrencies are evolving to keep up with the advancements in digital assets and fintech. While there is no specific legislation in place for cryptocurrency-related business activities, Austrian financial regulators and policymakers are generally receptive to digital assets and new technologies

NFTs have taken the world by storm, and regulators are taking notice. In February 2023, the Value Added Tax (VAT) Committee of the European Commission released a Working Paper to address the legal ambiguity of the VAT treatment of NFTs (non-fungible tokens). In this article we summarized the main points.