Title: South Korean Regulator Excludes Certain NFTs From Crypto Regulations
Post by: Bitcoin on Jun 11, 2024, 01:29 pm
Post by: Bitcoin on Jun 11, 2024, 01:29 pm
South Korean Regulator Excludes Certain NFTs From Crypto Regulations
South Korea’s top financial regulator has issued guidelines clarifying when non-fungible tokens (NFTs) are considered virtual assets. This distinction aims to minimize the risk of widespread user harm. The guidelines will be part of the Virtual Asset User Protection Act, effective July 19, 2024. FSC Issues New NFT Classification Guidelines On Monday, South Korea’s top […]
Source: South Korean Regulator Excludes Certain NFTs From Crypto Regulations (https://news.bitcoin.com/south-korean-regulator-excludes-certain-nfts-from-crypto-regulations/)
South Korea’s top financial regulator has issued guidelines clarifying when non-fungible tokens (NFTs) are considered virtual assets. This distinction aims to minimize the risk of widespread user harm. The guidelines will be part of the Virtual Asset User Protection Act, effective July 19, 2024. FSC Issues New NFT Classification Guidelines On Monday, South Korea’s top […]Source: South Korean Regulator Excludes Certain NFTs From Crypto Regulations (https://news.bitcoin.com/south-korean-regulator-excludes-certain-nfts-from-crypto-regulations/)