A South Korean financial watchdog announced in its annual work plan released Monday that it will strengthen its monitoring of new business assets, including NFTs.
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South Korea’s Financial Supervisory Service (FSS), the Financial Supervisory Service (FSS), said it will prepare measures against factors that harm consumers in the rapidly growing digital asset market.
Earlier this month, FSS reported that it will increase the validation of initial public offerings (IPOs) of businesses in emerging markets such as NFTs and the metaverse. Last year, South Korea imposed strict mandates for local digital asset businesses, which led to the closure of many exchanges.
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