To conduct virtual currency business activity in New York State, entities can either apply for a BitLicense or for a charter under the New York Banking Law. Use this free and customizable NFT Agreement template online and ensure you can sell, buy, and license your NFTs while protecting your digital assets.If it turns out forming an LLC is right for you, we'll also provide a step-by-step guide on how to form one and transfer your existing crypto assets into it. Form of Escrow Agreement from Bitcoin Commodity Trust filed with the Securities and Exchange Commission. You may have to report transactions with digital assets such as cryptocurrency and non fungible tokens (NFTs) on your tax return. Cryptocurrencies are subject to extreme and unpredictably high price swings that make them among the most high-risk investments on the market. This article discusses and compares two general ways of structuring a real estate transaction in the US involving Bitcoin as a payment method.