The South Korean court ruled that NFTs are speculative activities and are not protected by current legislation

ChainCatcher news, a court in South Korea recently ruled that NFTs are considered speculative activities and are not protected under current legislation. It is reported that the court's ruling was in response to a lawsuit filed by an individual who purchased an NFT but later discovered that the digital artwork was not unique, as the seller had produced multiple copies. The individual sought compensation for their losses, but the court determined that NFTs are speculative investments and are not protected under current consumer protection laws. (source link)