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South Korea classifies select NFTs as cryptocurrencies South | Metaverse | Nfts | News

South Korea classifies select NFTs as cryptocurrencies

South Korea’s Financial Services Commission (FSC) has unveiled new regulations that classify specific non-fungible tokens (NFTs) as virtual assets, akin to cryptocurrencies. This regulatory move is aimed at providing clarity within the evolving digital asset sector and ensuring that certain NFTs are governed by the same rules as traditional cryptocurrencies.

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