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Client A, as a provider of virtual asset-related services, requested legal advice to hold an event to airdrop virtual assets/NFTs by drawing lots for users. In the case of airdrop events, even if the prize is a virtual asset/NFT, personal…
In a recent ruling, the U.S. court rejected the implications of the Ripple case concerning the ongoing legal battles involving Terraform Labs and the U.S. Securities and Exchange Commission (SEC). Judge Jed Rakoff expressed disagreement with the approach taken by…
The Seoul Southern District Prosecutors’ Office’s Virtual Asset Joint Investigation Team, which will deal with virtual asset crimes, will be launched on the 26th. This is the first time a dedicated cryptocurrency organization has been established in the prosecution. With…
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…
Cha & Kwon Law Offices conducted a review of the U.S. District Court’s summary judgment in the case between the SEC and Ripple. The court found that the sale of cryptocurrency to institutional investors violated the securities laws, but the…
The Financial Services Commission has announced new accounting standards aimed at increasing transparency in virtual asset accounting and disclosure. These standards seek to improve transparency through two main ways: establishing accounting standards based on the type of virtual asset transaction…
Financial firms and major corporations are closely monitoring the emergence of a potential new market as the government moves forward with preparations to revise the Act on Electronic Registration of Stocks and Bonds and the Financial Investment Services and Capital…
Cha & Kwon Law Offices has conducted a comprehensive review of the terms of use and privacy policy for a Move To Earn (M2E) application, targeting both domestic and international users. The M2E application compensates users for their movements (walking,…
Delio’s CEO, Jung Sang-ho, has announced plans to sell his 70 percent stake to raise funds and aid in the recovery of the damages experienced by the victims of the recent Delio crisis. There are two selling points for Delio,…
Cha & Kwon Law Offices has conducted a review to determine whether a domestic business is required to register as a Virtual Asset Service Provider under the Singapore Payment Service Act if its Singaporean entity issues and operates tokens. The…