South Korea Gets Strict with NFTs: New Guidelines Released

South Korea’s financial regulators have issued new guidelines under the “Virtual Asset User Protection Act” to clarify which NFTs fall under virtual asset regulations. The Act, which takes effect on July 19, 2024, aims to increase regulatory clarity in the growing NFT market. Previously, NFTs were generally excluded from the virtual asset classification. However, the The post South Korea Gets Strict with NFTs: New Guidelines Released appeared first on Coin Edition .