South Korea and US to Discuss NFTs and Bitcoin ETFs in Evolving Landscape of Digital Finance
The South Korean Financial Supervisory Service (FSS) and the US Securities and Exchange Commission (SEC) are set to discuss the inclusion of Bitcoin ETFs and non-fungible tokens (NFTs) within the realm of virtual assets. This marks a pivotal moment in the realm of virtual finance, highlighting the evolving landscape of digital finance and its regulatory challenges. The exclusion of NFTs from the scope of virtual assets under the forthcoming Enforcement Decree of the Virtual Asset Act in South Korea reflects a cautious approach driven by perceived low market risks, but escalating prices and speculative fervor surrounding NFTs have spurred calls for their formal recognition as tradable assets. The outcomes of these deliberations are poised to shape the future trajectory of virtual finance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Do Kwon’s extradition case goes back to Montenegrin justice minister
SEC seeks sanctions against Elon Musk over Twitter purchase
SEC greenlights listing and trading options for BlackRock's spot bitcoin ETF
The SEC approved spot bitcoin ETFs earlier this year, but had not yet approved listing and trading for options on those products.
Securitize adds Wormhole for multi-chain RWA tokens
Trending news
MoreCrypto prices
More
