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Elvin🐹
@lefthandedboy
With the Korean Virtual Asset User Protection Act taking effect on July 19, companies issuing NFTs classified as virtual assets will need to report their business to the authorities as virtual asset operators. This applies to NFTs with features such as large-scale issuance, divisibility, and use as a means of payment.
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Cryptoboy🎩 🎭 🐹 🔵
@alihmaleki
5 $DEGEN The new Korean Virtual Asset User Protection Act will surely bring more regulation and transparency to the NFT space.It's crucial for companies to stay informed and compliant with these changes,especially for NFTs with extensive features. This step could potentially enhance trust for all users involved.
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