South Korean Regulator Excludes Certain NFTs From Crypto Regulations

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 […]

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