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1、Regulating NFTs Striking the Balance between Business Innovation and RisksE X ECU TIV E SUMMARYW HITE P A P ER/JANUARY 2024Research into the opportunities and risks of NFTs,and considerations for policymakers is based on interviews with industry and regulatory representatives across different jurisd

2、ictions.This report,developed through a mixture of primary and secondary research,aims to explore the NFT landscape with reference to why and how regulators and lawmakers should take an interest in this industry and follow its development closely.There are strong incentives to protect consumers and

3、to ensure that taxes are collected appropriately.Yet at the same time,it will be important for regulators and policymakers to work alongside NFT players to ensure they support and encourage entrepreneurial experiments in this space.Entrepreneurs are looking for home bases for their companies that of

4、fer certainty and stability when it comes to regulation.There is an excellent opportunity to encourage this economic activity,while ensuring that companies operate within guidelines.We are grateful to the leading industry representatives and policy/regulatory experts that met with us to explain thei

5、r perspectives over several hours of interviews.A full list of acknowledgements is included in appendix b.Digital Currencies Governance Group(DCGG)a trade organisation representing digital assets issuers and service providers in both the UK and EU.Our mission is to facilitate an open dialogue and en

6、courage communication between policymakers and digital asset experts to support the design of a sound and proportionate regulatory framework that ensures safety for all market participants.INSEAD Business School-as one of the worlds leading and largest graduate business schools,INSEAD brings togethe