South Korea Begins to Fulfill President Elect's Pledge to Bolster the NFT Ecosystem – Bitcoin News

by Ajunews, Yoon Suk-yeol had during his election campaign promised to “nurture a new concept digital asset market through NFT activation.” In addition, the incoming president had said he would revitalize the token economy once he was elected.

Indeed, following the April 12 announcement, South Korea’s government — via the Ministry of Culture, Sports and Tourism — unveiled an order for “metaverse/NFT-related copyright issues research service.” At the same time, the ministry is presently preparing for what the report called “the selection of a company and the formal contract process.”The Ajunews report said the ministry and the Presidential Transition Committee are currently assessing policies relating to NFTs.

“It is a stage where we are continuously discussing the NFT policy with the takeover committee,” explained an unnamed official from the ministry. The official added that the objective of these efforts is to ensure South Korea comes up with solutions to copyright problems that may result from the use of NFTs.

Thats fine that politicians pay attention to crypto market. We will have more decent crypto projects as $USDT.

YOOSHI

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