Crypto World Is Cautious of Finer Details In EU’s MiCA Law

“If a non-fungible token becomes fungible, then it will fall into” either MiCA, or other EU laws governing conventional financial instruments, said the source, who asked not to be named. In reality, another source has told CoinDesk, last-minute drafting changes may mean that the law may apply to any NFT that is part of a series and able to be divided up – or “fractionable,” in legal jargon.