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5F, 526 Nonhyeon-ro,
Gangnam-gu, Seoul, Korea
Korea Crypto & Digital Asset Law
Deals and legal analysis on Korean virtual asset regulation, VASP registration, token listings, AML, stablecoins and digital securities from Cha & Kwon Law Offices in Seoul.
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Bithumb Renews Contract With NH Bank for a Year Right Before the Deadline
According to the virtual asset industry on the 20th, Bithumb, a virtual asset exchange, is about to renew a one-year contract right before the expiration of the real-name deposit and…
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Legal Review Services Regarding the FSC’s Guidelines on Fractional Investment & Security Tokens
Cha & Kwon Law Offices analyzed the Financial Services Commission’s guidelines on fractional investment and security tokens. Based on the thorough analysis, our firm provided legal review services to a…
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Bithumb Finalizing Contract Extension Talks with NH Bank
Cryptocurrency exchange Bithumb is likely to reunite with its existing partner NH Bank as the South Korean bank to provide real-name accounts. It is understood that the deal with Kakao…
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Previously Delisted WEMIX—Re-listed on Korean Digital Asset Exchange Coinone
Korean virtual asset exchange Coinone re-listed WEMIX, a cryptocurrency issued by game company Wemade, stating that the distribution issue of WEMIX has been resolved. On December 8th last year, the…
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The Financial Supervisory Service of Korea Examines Virtual Asset Exchanges’ Staking Services
Recently, the Financial Supervisory Service (“FSS”) requested domestic digital asset exchanges operating in the KRW market to prove the operating principle and marketability of their staking services. Three out of…
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The FSS Initiates a TF Team To Determine Which Virtual Assets Will Be Considered Securities
The Financial Supervisory Service (“FSS”) of Korea announced on the 14th that it has launched a task force (“TF”) team to support the process of determining which virtual assets to…
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Binance Has Begun Its Process To Acquire Gopax—Attempts To Enter Korean VA Market
[Executive Summary] Binance’s acquisition of Gopax has begun as it received a large-scale investment from Binance, including funds for repayment of its GoFi service. This investment will be used to…
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Review of Legal Issues Regarding Migration of An Overseas VASP to Korea
Client A, who operates a virtual asset business in a foreign country, requested a review and consultation on legal issues that may arise from the business migration to Korea. When…
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Organizing Measures for Regulatory System on Security Token Issuance and Distribution in Korea
1. Background As securities are issued and distributed only in a specific form and method for the following three reasons in the current system, the government has adopted and is…
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Financial Authorities of Korea Plan to Start Regular Inspections of VASPs Including Businesses Other Than Exchanges
[Executive Summary] The FSC announced that it will expand its inspections this year to eliminate financial crimes involving virtual assets. The inspections will be conducted in three ways: comprehensive inspections,…
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Legal Advisory Services on Blockchain Software Development
A Korean company developing blockchain software received legal counsel from Cha & Kwon Law Offices on how to provide services to an international organization and how to receive payment for…
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The FSC of Korea Orders Virtual Asset Exchanges to Delist Security Tokens
[Executive Summary] The FSC of Korea has ordered virtual asset exchanges to classify and delist security tokens that are currently being managed. This is expected to speed up the systemization…