Xiao Sa: Do foreigners need KYC to buy NFTs from them?

Although old friends are casting all kinds of criticism on DTVs around the country, the national tax has hit many areas overseas as well. Recently,When a foreigner buys an NFT country, the group of the Sa sisters are conducting discussions and research.

Discuss the same issue: legal attitude of the NFT

Worried about neo-hippies and their global warming, I'll tell you. Whether DFTs are property, lending rights, or proof of policy, the debate will not end, but the industry will continue. When it comes to the ownership of personal data, this is not meant to be presumptuous, and businesses and the community will be given legislation.

From a psychological point of view, NFT is defined as "civil law" in section 127.network virtual objects", even if it does not provide for special rights or lender rights or any other property,It comes directly within the scope of the protection of our Civil Code.

Speaking of "tools," Hofield has a classic description. The good is generally referred to as real estate or movable property in layman's terms, but it only refers to the owner's right in relation to the aforementioned good and means says: This is a special product.Tools are the right of everyone to own, use, benefit from and dispose of everything.

Of course, internal NFTs only provide "owner friendly" information and prohibit the use of consumer (owner) rights issues, such as skin for payment numbers. Why do you think so? In a situation where the consumer has not yet received the key, the wallet is called the location itself.

The rules of income have already appeared in some game scenes, but the question of income is often linked to the "tastes" of financial crime. Marketing business (exchange of ownership). Disposal is limited to 180 days and 2 years.

The “self-harm” of the right of NFTs to acquire and dispose of virtual assets on the Internet is important due to the growing concern of all over the rage of digital art. We don't want to see ICO 10,000. Coins out in 2017. The confusion caused by the illegal financing of peer-to-peer online lending has yet to be resolved.But on the way from the real world to the virtual world, there must be a Chinese chair.. NFT is a way to identify the rules of the Metaverse, and requires caution, patience, and attention.

Can foreigners buy NFTs?

First of all, the question of whether the Chinese can buy NFTs cannot be answered. Some national TVN platforms and some TVN manufacturers manufacture commercial and financial products, clearly indicating the location of future prices and ignoring consumers. Consumers must be vigilant to avoid the hype for making NFT sales. Failure to do so may result in compliance risks. The conclusion is as follows.Chinese people can buy and own “non-financial” NFT digital collections.

So, can foreigners buy China-made NFTs? Most foreigners come to China to buy apples, we usually have no restrictions, but foreigners coming to China to buy the original products must be strictly controlled. At the same time, NFTs can easily become digital washing devices based on digital printing, just like digital art.International consumers who purchase NFT equipment on the continent should be careful in meeting their financial protection obligations.

In order to ensure the efficiency of the power contract for the purchase of NFT, Sister Sa said he learned about KYC.country usersGiven the public access restrictions established by national law and the fact that children, adolescents and adults are often overlooked in the virtual world, the cost of selling DTVs, especially in a competitive environment, depends on the market. expertise and financial resources.

The question that needs to be discussed is whether there is a problem with the data flowing in the ocean for the international transport of NFT digital collections. If you work like 5000 days, if you are in mainland China, there may be a lot of pictures and biological information, and the question arises whether this information can be shipped by sea. In the case of the information, the Ministry of Industry and Information Technology and other regulatory bodies will begin to measure the level of compliance.

International thiab National anti-money laundering requirements

The “FATF Recommendations of the Global Framework for the Prevention of Money Laundering, the Prevention of Financial Terrorism and the Development of Disaster Weapons” (after the “Agreement”) were announced by the FATF in 2019 and the information as "virtual assets" in 2021 (hereinafter referred to as "G"),All virtual financial services companies involved in virtual business in multiple countries are required to comply with Directory Integrity Measures (CDD), including strict KYC regulations.

Under what circumstances should a consumer be respected?

Specifically, in accordance with Article 265, the FATF CDD policies and procedures specifically for virtual service providers are required to comply with Article 10, as Virtual Asset Service Providers (VASPs). If this happens, make the customer happy to work.

(1) Establish business relationships.

(2) one-time exchange of virtual assets exceeding the limit (1000 USD / EUR) or in accordance with the special circumstances of Article 16 of the request;

(3) The consumer is compensated by detergent or financial assault.

(4) When the asset provider is unsure of the accuracy or completeness of the previous customer's personal information received.

How to get consumers to be passionate?

Specific rules for virtual providers to be used with dedicated users should be spelled out in the laws of many countries, but at the same time the FATF provides specific assessments and models.

(1) use reliable and independent data, information or data to identify and identify the consumer; (Personal information required typically includes:Consumer name and other personally identifiable information, such as address, date of birth and unique country code(like social security number or passport number). The FATF also encourages VASPs to collect additional information as required by law when establishing business relationships for successful KYC.

(3) Identify the beneficiary of the beneficiary and take the necessary steps to identify the beneficiary of the beneficiary so that financial companies can be sure of knowing the beneficiary. For legal and regulatory agencies, financial institutions need to understand membership and governance standards.

(4) Understand and receive information about the real purpose and objectives of the business relationship;

(5) Carefully monitor business relationships to ensure companies are constantly interacting with customer information, customer performance and the nature of risk factors (including funds, if necessary); and provide detailed information on business developments in all business relationships; . location) and other similar information.

Even demanding, consumer-driven passion models are required?In theory, the FATF Convention is not legal, but each member state uses the FATF Convention as a framework to develop and improve its own laws and regulations, legalize agreements in their country of origin and promote compliance with the Convention. of the FATF. .including Korea. Countries that violate the FATF agreement will be blacklisted and penalized for their member states, which will have a major impact on national development.

Since in the current "information", NFT products are not included in virtual assets strictly regulated by the International Anti-Money Laundering Organization, only NFT provides service and sales of services and platforms. - Forms required by KYC policy are set forth in However, the "Agreements" and "Instructions" are notBasic money laundering protection against money laundering and KYC compliance with International Heritage Service requirements..

Korea's anti-money laundering law came into effect on January 1, 2007. Non-financial companies such as financial institutions and law firms are also protected against money laundering.NFT indoor exhibition and sales platforms are required to fulfill their financial protection obligations.

enter at the end

Sister Sa knows that many of her friends have a psychiatrist who shuns doctors, but Sister Sa's legitimate team has expressed their inability. We are on the path to innovation. Let our country lead innovation. But the law still hangs overhead like the sword of Damocles. Fear and caution would be the best advice.