NEWS
2023.01.20
[Lunar New Year Special] Virtual or Digital Assets? The Terms Need To Be Distinguished First
Service area
Lawyer
Various issues related to virtual assets occurred last year, ranging from Terra Luna Crash and FTX collapse to the delisting of Wemix from DAXA, indicating the regulatory gap in the cryptocurrency industry. For instance, while the authorities officially designated the term “virtual assets,” the term “digital assets” is preferred within the industry. Partner attorney Ohoon Kwon pointed out, “The scope of application may vary depending on how the legal term is defined, so it is necessary to select a term that reflects the technical characteristics of blockchain.”
URL: [Lunar New Year Special] Virtual or Digital Assets? The Terms Need To Be Distinguished First
