South Korea proposes new regulations for crypto assets

South Koreas top financial regulator has proposed new crypto asset regulations concerning non-fungible tokens (NFTs), interest on deposits, and mandatory cold wallet holdings.The Financial Services Commission (FSC) aims to exclude NFTs from existing regulations that define virtual assets like cryptocurrencies. Due to their unique nature and collectibility, NFTs would not fall under legal... source: https://cryptobriefing.com/south-korea-proposes-new-regulations-for-crypto-assets/?utm_source=cryptopanic&utm_medium=rss