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Updates to NILE Services in South Korea

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by Giorgi Kostiuk

a year ago


To ensure smooth and consistent service delivery, NILE regularly evaluates and adheres to the regulations and guidelines of the regions and countries where it operates. The upcoming modifications will impact NILE services available in South Korea as part of this ongoing process.

Key Changes: - Blocking access for South Korean IPs from the Marketplace Trading menu - Blocking access for South Korean IPs from NFTFi - Discontinuation of Korean language support in NILE services

Implementation Date: August 2nd, 2024 at 15:00 (GMT+8)

Important Notes: - Despite the restriction on the Marketplace Trading menu, users can still obtain Covenants from NEITH Station. - Users have until one month after the Covenant Date on February 22nd, 2025, to claim Covenants from the final NEITH NFT collection, City of NEPHTHYS. - Following the update, users' digital assets will remain securely stored in their Wallets, with no company access or ability to dispose of these assets. - From August 2nd, 2024, only ongoing Lend & Borrow transactions will be supported until expiration. Affected users can utilize NFTFi via My Page. - The release of the 'Myth of Heliopolis' Binder Collection, previously announced in March, has been postponed to comply with regulatory requirements.

Kindly take note of these adjustments, and additional updates will be communicated as needed. Thank you.

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