South Korean regulator proposes tough new rules for token issuers By Cointelegraph

South Korea’s Financial Services Commission (FSC) released a report outlining its new definition of cryptocurrencies, along with proposed procedures for token issuers and penalties for non-compliance.

The rules discussed could impose onerous regulations on individuals or platforms that set up non-artistic non-fungible (NFT) tokens for commerce, as well as decentralized fundraising projects, among others.

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