Legal Consultation on Gambling Game Using Virtual Assets

Cha&Kwon Law Offices examined a business model that distributes virtual asset (cryptocurrency) for application usage on whether it violates Game Industry Promotion Act and the Regulation on Speculative Acts. Game and gambling applications are one of the biggest industries utilizing virtual assets. However, since regultions on virtual asset are strict, careful examination is needed to protect the business models from violating relevant regulations at its preparatory stages.