As the regulatory landscape for digital assets continues to evolve—with the Virtual Asset User Protection Act now in force, the introduction of the Security Token Offering (STO) framework on the horizon, and virtual asset taxation scheduled to commence in 2027—financial institutions are navigating an environment shaped by both established regulations and ongoing legislative developments.

Against this backdrop, Ohoon Kwon, Attorney at Law of Cha & Kwon Law Office, delivered a training session for compliance professionals at a leading domestic commercial bank on the regulatory framework governing virtual assets and key considerations for financial institutions. The session covered major legal and regulatory developments, including the legal characterization of virtual assets, the criteria for determining whether a token constitutes a security, and the forthcoming STO regime.

Particular attention was given to practical risk management issues facing the banking sector, including anti-money laundering obligations, corporate real-name account policies, the upcoming registration regime for virtual asset transfer services, and regulatory developments relating to stablecoins. Drawing on extensive experience in the digital asset sector, Cha & Kwon Law Office continues to provide strategic legal advice and tailored training to financial institutions, virtual asset service providers, and Web3 businesses operating in an increasingly complex regulatory environment.