Today news
About the same in other media
Korea's FSC confirms that NFTs will not be regulated
Reading now: 657
The Financial Services Commission (FSC) in South Korea reaffirmed in a public statement today that nonfungible tokens (NFT) are not virtual assets, and will not be regulated.
The confirmation of the decision to keep NFTs unregulated came after a review of the Financial Action Task Force’s (FATF) updated guidelines. The October 28 guidance report from FATF states that “NFT, or crypto-collectibles, depending on their characteristics are generally not considered to be [Virtual Assets].”
On November 5, an official from a branch of the FSC said in a statement to reporters:
Korea’s financial regulator focused on the fact that FATF considered NFTs to be “unique, rather than interchangeable,” — which is of course the definition of nonfungible — and
Read more on cointelegraph.comAbout this in other media
After approval, can Bithumb shake Upbit’s crypto monopoly in South Korea ambcrypto.com /2 years ago
S. Korea's Democratic Party Backs Support for Crypto, Metaverse blockchain.news /2 years ago
Ruling South Korean Party Makes Pro-Crypto Policy U-Turn cryptonews.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
