Crypto in South Korea - 'Metaverse Seoul', NFT gaming ban and the launch of STOs SouthKorea blockchain crypto
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The second stage, which is expected to go live in 2024, will expand the available services to include real estate counseling and connecting foreign investors with local industries. The third stage will focus on integrating virtual and augmented reality technology to help manage the city’s infrastructure. There are also plans to introduce blockchain technologies including cryptocurrency.
At the center of Five Stars’ problem is the fact that players can mint characters and items into tradable NFTs on the Klaytn blockchain. The court said NFTs cannot be classified simply as game items if they are also traded on exchanges. According to the report, multiple firms are now waiting on the Financial Services Commission to publish industry guidelines on how to offer STOs in a legally compliant manner. The FSC is scheduled to make an announcement about STOs on Jan. 19.
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