[_8j50]

He could possibly sue for them forcing him to devalue his crypto. It is a security like stocks really. The fact that they recognize it has no relevancy unless he attempted to use it as currency in their country which it he did then they are mostly right it is taxable income and they had every right to demand payment in local currency and even force the payment. If he simply posessed crypto as income but relied on other fiat income or arrangement to make ends meet then I think he can contend their actions.

Point being, if you have income and you call it income then your government can tax you and they can demand payment in their local currency. Forget crypto, they can force you to convert dollars to euros as well.

As for NFTs I don't think they need regulation, a person sells another person the golden gate bridge as a concept, so long as they pay sales tax who cares. No false advertisement there.