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South Korea FSC reiterates stance on non-regulation of NFTs
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South Korea’s Financial Services Commission (FSC) is currently trending in the news after reiterating that non-fungible tokens (NFT) will not be regulated since these are not virtual assets. In spite of regulatory ambiguity, the NFT marketplace in South Korea has boomed over the years.
The confirmation of the decision to keep NFTs unregulated came after a review of the Financial Action Task Force’s (FATF) updated guidelines. An official from the Financial Intelligence Unit (FIU) under the
Read more on ambcrypto.comAbout this in other media
South Korea financial authority rules that NFTs are taxable cointelegraph.com /2 years ago
South Korean Crypto Exchange Heavyweight Bithumb Gains Operating Permit cryptonews.com /2 years ago
After approval, can Bithumb shake Upbit’s crypto monopoly in South Korea ambcrypto.com /2 years ago
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