661200 Security and commodity contracts brokerage
Information: This code has a codification rule
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661200 Security and commodity contracts brokerage
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This type includes:
- dealing in financial markets on behalf of others (e.g. stockbroking) and related activities
- securities brokerage
- brokerage of investment funds shares
- brokerage of standardised commodity contracts
- currency trading on behalf of others
- brokerage of crypto-assets with liabilities that qualify as securities
- exchange of currency on a fee basis (e.g. bureaux de change)
- equity-based crowdfunding
- debt-based crowdfunding offering loans and securities
This type also includes:
- brokerage of securities for investment projects (e.g. wind or solar parks)
This type excludes:
- dealing in financial markets on own account, see division 64
- exchange of currency on own account, see 649900
- portfolio management, on a fee or contract basis, see 663000
- buying and selling of real estate projects (e.g. wind or solar parks), see division 68
- donation-based fundraising, see 829900
- trading and brokerage of crypto assets without liabilities, see 829900
When coding activities related to crypto, it is essential to focus on the nature of the activity rather than the fact that it involves cryptocurrency. NOGA does not have a dedicated code for crypto-related activities; instead, these activities are distributed across various existing codes.
Cryptocurrencies are fungible digital money, while NFTs are unique tokens that verify ownership of digital assets. People buy NFTs for their rarity, famous creators, or investment potential, though they are volatile and not traditional assets. Classify NFT sales under 581900, NFT galleries under 911200, and NFT trading under 661200.