South Korea labels mass-produced NFTs as virtual assets: https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1718023026330-YAKIHONNES3.jpg 
South Korea’s financial watchdog, the Financial Services Commission (FSC), issued guidelines clarifying when nonfungible tokens (NFTs) can be treated as virtual assets. 

On June 10, local media outlet News1 reported that the FSC will regulate NFTs similarly to crypto if they don’t possess traits that differentiate them from virtual assets. 

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 The Financial Services Commission (FSC) of South Korea has issued guidelines clarifying when non-fungible tokens (NFTs) can be treated as virtual assets . According to these guidelines, NFTs that are mass-produced, divisible, and can be used as a means of payment will be regulated similarly to cryptocurrencies