<p><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvZWM0OTgxZGMtY2FlZS00OWU3LTllYzAtZmViNDQ5MDZkYmU4LmpwZw==.jpg"></p><p>Given the difficulties with classification, BaFin highlights the freedom of nonfungible tokens from licensing demands. </p>