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South Korean Gaming Watchdog Won’t Budge on Tough Anti-NFT Stance
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South Korea’s gaming regulator has reiterated its stance that games that feature tradeable non-fungible tokens (NFTs) cannot be distributed in the nation.
As previously reported, in 2019, the Game Rating and Administration Committee (GRAC) refused to issue a rating to Infinity Star, a game developed by the domestic firm NodeBrick – citing NFTs as its main reasoning.
Critics at the time claimed that the GRAC had essentially “sentenced” the domestic blockchain gaming industry “to death.”
Since then,
Read more on cryptonews.comAbout this in other media
Crypto investors see looming NFT bubble but tout staying power of the underlying tech cnbc.com /3 years ago
Crypto Fans Build Up Their Power as S Korean Politicians Delay Crypto Tax cryptonews.com /3 years ago
South Korean lawmakers inch closer to deal to delay crypto tax by one year cointelegraph.com /3 years ago
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