Client A wanted to understand the overall trends of regulations before expanding its business related to virtual assets, so Cha & Kwon Law Offices advised Client A on the current and upcoming regulatory trends concerning virtual assets, including relevant laws that will soon be implemented.

Companies involved in virtual assets often struggle with unclear regulations, which can be confusing. If you discover that you need to obtain a virtual asset service provider license during the course of your business, it may lead to indefinite delays until the license is received, resulting in unexpected losses. To prepare for this, it is necessary to closely review the existing regulations and anticipate the regulations expected to be introduced from the initial stage of the business.

Cha & Kwon Law Offices is a law firm with expertise in virtual assets and provides legal advice by analyzing the latest regulatory trends related to virtual assets.