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South Korea claims to be investigating the possibility of taxing non-fungible tokens

South Korea is looking at taxing non-fungible tokens (NFTs) in the wake of the recent controversy over the country's cryptocurrency rules. NFTs are virtual collectibles that are linked to real-world items such as games, artwork, and music, among others, and whose ownership is secured and transferred via blockchain technology.

Unsatisfied South Korea is welcoming cryptocurrencies and is attempting to regulate them

The crypto sector in South Korea is witnessing one of the most significant transformations in its history. Between crypto exchanges and regulatory bodies, the last four years have been a turbulent tempest. Finally, in 2021, the government has laid down its foot. What happens next will determine whether South Korea's crypto legacy is made or broken.
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