NFTs in China are sold in yuan rather than crypto, do not use public decentralised blockchains, and cannot be resold after purchase.
March 29, 2022President-elect Yoon Suk-yeol has promised to overhaul Korea's regulatory framework for cryptocurrency, and to relax crypto taxation policies.
March 16, 2022Paxos will gain a DPT licence under the Payment Services Act. Sygnum will provide fund unit tokenisation and securitise NFTs and metaverse assets.
March 11, 2022FIs that have relationships with the four banks must freeze their assets. DPT service providers are prohibited from facilitating sanctions evasion with crypto and NFTs.
March 7, 2022The SEC has reportedly sent subpoenas demanding information about NFT offerings that could be raising funds like traditional securities.
March 5, 2022All virtual asset-related ads released on or after 1 April must carry a disclaimer; Certain words associated with regulated products are will be prohibited.
March 3, 2022tZERO operates a digital marketplace for unique private assets, public equities, cryptocurrencies, and other digital assets, including NFTs.
February 25, 2022NFTs used in games and for payments can satisfy the definition of virtual assets and may be subject to AML obligations, the Korea Institute of Finance said.
February 24, 2022The FSS said it will strengthen its supervision of "new trading assets such as NFTs" and "prepare countermeasures" if necessary to protect consumers against damage.
February 21, 2022Three people were arrested on suspicion of attempting to defraud HMRC using 250 fake companies. This is the first time a UK agency has seized NFTs.
February 21, 2022