Cha&Kwon Law Offices provided legal opinion under the Act on Reporting and Using Specified Financial Transaction Information, examining the securities and business possibility of VAPSs launching DEX (Decentralized Exchange). In the case of DEX economy, a meticulous examination on the usage scope of governance tokens and LP tokens must be made in advance and judgement on whether it is considered as securities under the Capital Market Act are required. On the issue of the business possibility of VASPs launching DEX, judgement is not yet clear as there is a lack of analysis from FSC (Financial Services Commission) and KoFIU (Korea Financial Intelligence Unit).

Based on thorough understanding on the stances of AML(anti-money laundering) FATF and U.S. SEC, Cha&Kwon Law Offices provides analysis and judgements on VASP business possibilities.

If you are preparing business related to virtual assets, please contact Cha&Kwon Law Offices, who can provide you legal support specialized in this field.