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#SouthKorean Regulator Excludes Certain #NFTs From #Crypto Regulations https://t.co/awv4VjEBBF
South Korea’s Financial Services Commission published a new set of guidelines for regulating NFTs, according to Yonhap news agency. The new guidelines reportedly stated that the Financial Services Commission (FSC) will regulate certain NFTs as regular cryptocurrencies if they… https://t.co/GQka8zAwaW
South Korea’s Financial Services Commission (FSC) is changing its stance regarding non-fungible tokens (NFTs), looking to classify some of them as virtual assets https://t.co/jRooGfxOOr
South Korea's Financial Services Commission (FSC) has published new guidelines to classify certain non-fungible tokens (NFTs) as virtual assets under the 'Virtual Asset User Protection Act,' which will take effect on July 19. According to Yonhap news agency, the new guidelines will reportedly treat specific NFTs as regular cryptocurrencies. This regulatory change marks a significant shift in South Korea's approach to NFTs, aiming to provide clearer regulatory oversight and protection for users.