South Korea to classify some NFTs as Virtual Assets ahead of new crypto regulations

2024-6-10 13:05

South Korea’s Financial Services Commission (FSC) is changing its stance regarding nonfungible tokens (NFTs), looking to classify some of them as Virtual assets. NFTs are primarily unique assets that cannot be replicated, traits that differentiate them from cryptocurrencies would be… origin »

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Источник: Cripyo.news

nfts assets → Результатов: 126


CryptoSlate Wrapped Daily: IRS classifies NFTs as digital assets; retail investors group seeks to track down Do Kwon

The biggest news in the cryptoverse for October 19 includes the IRS classifying NFTs as digital assets for tax purposes, Cardano NFTs becoming the next gold rush,  Blockchain advocacy groups filing a motion to support Grayscale in the lawsuit against SEC, and top 10 metaverse tokens crashing as interest wanes.

2022-10-20 01:40


OVER Team Revamps OVER ARwards, Dubs The New Edition The ‘Venue Design Contest’

Nearly everyone would agree that digital assets like cryptocurrencies and NFTs are here to stay, and so is the underlying technology behind them, blockchain. However, one industry in particular which could vastly benefit from the seemingly inevitable shift to Web3 is the fashion sector, mainly because the clever utilization of AR and VR technology can breathe new life into one of the most popular and relevant industries in history.

2022-10-6 14:52


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“Finalized” EU MiCA Crypto Regulation Seeks To Police NFTs And Algorithmic Stablecoins

A finalized text of the Markets in Crypto Assets (MiCA) legislation now seeks to bring Non Fungible Tokens (NFTs) and algorithmic stablecoins under its regulatory purview. According to a bill draft dated September 20, EU authorities have been urged to take a “substance over form” approach to the law, suggesting that NFTs such as BAYC’s […]

2022-9-23 21:29


How does NFT staking work?

The indivisible nature of NFTs is the biggest shortcoming of this asset class for some investors. Most of the time, it requires making either-or investment decisions. What if you like to HODL your NFTs while still profiting from them? One solution is NFT staking which is a way to earn passive income from your assets.

2022-9-14 06:21


XTRA.FUND Launches Blockrating to Instantly Price Blockchain Assets

The world’s first DeFi platform with Price Drop Protection, XTRA. FUND has utilized its in-house talent and proven ability to innovate to incubate, develop, and eventually launch Blockrating. Blockrating, which, once fully ready, will aim to both instantly price, as well as predict the pricing of blockchain-based assets including cryptocurrencies and NFTs with a high level … Continued The post XTRA.

2022-7-15 15:55


How to Buy and Sell Non-Fungible Tokens 

Non-fungible tokens (NFTs) are bought as well as sold via a purpose-built NFT marketplace, kind of like Amazon or Etsy, only for digital assets. NFTs marketplaces can be used in order to buy an NFT at a fixed price or function as a virtual auction, much like the exchange system for buying as well as […] The post How to Buy and Sell Non-Fungible Tokens  appeared first on CaptainAltcoin.

2022-7-14 13:40


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Matrixport Launches Institutional NFT Custody Services

Singapore-based digital asset manager Matrixport announced in a Sunday press release that it would now be providing institutional custody services for NFTs through its Cactus Custody service. The digital asset manager with over $10 billion in assets under management says that with this service, institutions would be able to store and manage their digital collectibles […]

2022-6-29 16:15


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Nick Tomaino says NFTs will ‘flip cryptocurrencies,’ launches new $100M fund

Nick Tomaino, the founder of crypto-focused investment firm 1confirmation, says non-fungible tokens (NFTs) have a great future ahead as an asset, despite the current outlook. Tomaino, whose venture fund launched in 2017 with $5 million and has grown to over $1 billion in assets under management (AUM), even believes NFTs could go on to “flip […] The post Nick Tomaino says NFTs will ‘flip cryptocurrencies,’ launches new $100M fund appeared first on Invezz.

2022-6-24 18:32


How NFTs Will Dominate the Event Space With Project Galaxy

Some may believe NFTs to be a fad, however, they are expanding across a number of industries such as gaming, real estate, and now thanks to Project Galaxy, even events.  Covering the basics NFTs are Non-Fungible Tokens, which, as described by most websites, refer to digital assets that represent real-world objects, such as art, music, … Continued The post How NFTs Will Dominate the Event Space With Project Galaxy appeared first on BeInCrypto.

2022-6-6 13:00


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South Korea to lift 9-year ban on corporate crypto investments

South Korean regulators plan to lift a nine-year ban on corporate crypto investments as the country continues to warm up to the digital asset space. South Korea’s Financial Services Commission has reportedly crafted new guidelines for listed corporations and professional…

South Korea fines Korbit $1.8M over compliance failures

Most breaches involved failures in customer due diligence and identity verification processes. The action coincides with reports of a potential majority acquisition by Mirae Asset. The case reinforces stricter regulatory expectations across South Korea’s crypto sector.