Is NFT trading legal?

NFT trading has gained significant attention in recent years, with various marketplaces emerging to facilitate the buying and selling of these digital assets. However, the legality of NFT trading remains a complex issue, as it involves multiple aspects such as the definition of NFTs, regulatory frameworks, and compliance with local laws. Therefore, it's crucial to examine the legal implications and regulatory pathways of NFT transactions to ensure their legitimacy and avoid potential legal risks.