NFTs
South Korea introduces guidelines for NFTs as virtual assets
![South Korea introduces guidelines for NFTs as virtual assets](https://tokentalk.top/wp-content/uploads/2024/06/South-Korea-introduces-guidelines-for-NFTs-as-virtual-assets.jpg)
South Korea introduces guidelines for NFTs as virtual assets
Reporting and Compliance Requirements
Entities issuing NFTs are now required to register their operations, with sanctions for non-compliance.
Determining whether NFTs qualify as securities or virtual assets will involve consulting South Korea’s ‘Token Securities Guidelines’ provided by the Financial Services Commission. This assessment considers the type of content held by investors, applying securities legislation if the content is considered a security, regardless of format or technology.
The Financial Services Commission (FSC) has also clarified that NFTs will be evaluated individually based on factors such as their exchange potential, mass production, splitting potential and usability in transactions.
Failure to comply with these requirements can result in criminal penalties and the FSC encourages companies that are unsure about the status of their NFTs to seek guidance.
Want more? Connect with NFT Plazas
Join the weekly newsletter
Join our Telegram
Follow us on Twitter
Like us on Facebook
Follow us on Instagram
*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to thoroughly research any product before making any type of investment.
Blockchain enthusiast and long-time gamer.
Recent Posts
The Beacon, a free-to-play action RPG, recently began its two-week airdrop and…
Web3 idle tycoon game Gangster Arena 2, developed by Uncharted, recently announced its release…
Marblex, Netmarble’s web3 gaming division, has released its latest mobile title “Pocket Girls: Idle RPG”…
Axie Infinity, the popular blockchain-based game, has launched a new initiative to support players fighting…
The Romanian Football Federation (FRF) has become the first national football association to partner with…
Kiyoshi Kurosawa, known for his mind-bending films like ‘Cure’ and ‘Pulse’, has released his latest…
This website uses cookies.
To accept
Fuente
NFTs
South Korean Regulator Excludes Certain NFTs from Crypto Regulations – Regulation Bitcoin News
![South Korean Regulator Excludes Certain NFTs from Crypto Regulations – Regulation Bitcoin News](https://tokentalk.top/wp-content/uploads/2024/07/South-Korean-Regulator-Excludes-Certain-NFTs-from-Crypto-Regulations-–.jpg)
https://news.google.com/./articles/CBMiXmh0dHBzOi8vbmV3cy5iaXRjb2luLmNvbS9zb3V0aC1rb3JlYW4tcmVndWxhdG9yLWV4Y2x1ZGVzLWNlcnRhaW4tbmZ0cy1mcm9tLWNyeXB0by1yZWd1bGF 0a W9ucy_SAQA?hl=en-US&gl=US&ceid=US%3Aen
Fuente
NFTs
Non-Fungible Items; Picking Up Where NFTs Left Off — COZ Co-Founder Tyler Adams – Op-Ed Bitcoin News
![Non-Fungible Items; Picking up where NFTs left off - Tyler Adams, Co-Founder of COZ - Op-Ed Bitcoin News](https://tokentalk.top/wp-content/uploads/2024/04/Non-Fungible-Items-Picking-up-where-NFTs-left-off-Tyler.jpg)
https://news.google.com/./articles/CBMiZmh0dHBzOi8vbmV3cy5iaXRjb2luLmNvbS9ub24tZnVuZ2libGUtaXRlbXMtcGlja2luZy11cC13aGVyZS1uZnRzLWxlZnQtb2ZmLWNvei1jby1mb3VuZGVy LXR5b GVyLWFkYW1zL9IBAA?hl=en-US&gl=US&ceid=US%3Aen
Fuente
NFTs
https://news.google.com/./articles/CBMiKmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4NtIBLmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4 Ni5hbXA?hl=en-US&gl=US&ceid=US%3Aen
![https://news.google.com/./articles/CBMiKmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4NtIBLmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4 Ni5hbXA?hl=en-US&gl=US&ceid=US%3Aen](https://tokentalk.top/wp-content/uploads/2024/04/httpsnewsgooglecomarticlesCBMiKmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4NtIBLmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4-Ni5hbXAhlen-USglUSceidUS3Aen.jpg)
https://news.google.com/./articles/CBMiKmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4NtIBLmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4 Ni5hbXA?hl=en-US&gl=US&ceid=US%3Aen
Fuente
-
Videos3 months ago
Money is broke!! The truth about our financial system!
-
News2 months ago
More Crypto AI Alliances Emerge Following $7.5 Billion Token Merger — TradingView News
-
Altcoins2 months ago
Render vs. Theta; Which DePIN Altcoin to buy in May
-
Videos2 months ago
Fantom: Potential FTM Price and BIG Updates – The Latest!!
-
News2 months ago
Over 1 million new tokens launched since April
-
Videos2 months ago
Recession soon?? What this means for you and your wallet!!
-
NFTs3 months ago
Surprisingly, Bored Apes is now laying off employees as the NFT market disintegrates
-
NFTs2 months ago
Solana NFTs jump 30% in 24 hours: what’s behind the increase?
-
Memecoins2 months ago
Solana Dev hospitalized with third-degree burns while trying to pump Meme Coin
-
Videos3 months ago
Cryptocurrency Market Update: Where Are We NOW?! What’s next?
-
Memecoins2 months ago
When memecoins reign supreme in the ecosystem!
-
Videos2 months ago
Crypto News: ETH ETFs, Pro-Crypto Politics, UNI, DOGE & MORE!