“If a non-fungible token turns into fungible, then it would fall into” both MiCA, or different EU legal guidelines governing typical monetary devices, mentioned the supply, who requested to not be named. In actuality, one other supply has informed CoinDesk, last-minute drafting modifications could imply that the regulation could apply to any NFT that’s a part of a sequence and in a position to be divided up – or “fractionable,” in authorized jargon.