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