Address
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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The Financial Services Commission of Korea Released Official STO Guidelines
On February 6th, the FSC announced its STO guidelines. The guidelines contain two main parts: first, they set out the principles for determining which tokens qualify as securities. Second, the…
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Legal Review of SAFT Contract and Provision of Legal Advisory Services
Cha & Kwon Law Offices provided legal advisory services and conducted a legal review of the SAFT contract. A SAFT (Simple Agreement for Future Tokens) contract is an agreement that…
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The FSC Officially Allows Security Token Issuance — Guidelines To Be Released This Month
[Executive Summary] The Financial Services Commission (FSC) approved the issuance of security tokens (STO) and plans to announce a regulatory system for the issuance and distribution of security tokens within…
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Legal Review of Virtual Asset Regulatory Laws on Issuance of NFTs
Cha & Kwon Law Offices provided legal advice to companies seeking to issue NFTs that represent ownership of production equipment and the right to determine usage profits. The Act…
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The FSS Now Requires the Footnote Disclosure for Cryptocurrencies and Stablecoins
[Executive Summary] The Financial Supervisory Service has announced guidelines to include cryptocurrencies and stablecoins under the footnote disclosure requirement. According to such requirements, companies holding cryptocurrencies must disclose specific information…
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Busan City Establishes the Digital Exchange Promotion Committee
[Executive Summary] Busan City launched a promotion committee for the establishment of “Busan Digital Asset Exchange (Busan Exchange).” The city plans to initiate the Busan Exchange’s services by the end…
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Binance To Enter the Korean Market by Acquiring Gopax, a Korean Exchange
[Executive Summary] According to industry sources, Binance has recently completed due diligence procedures and is taking the final steps for the acquisition of Gopax. Gopax is one of the five…
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Legal Review of Virtual Asset Sales Agency Agreement
A legal evaluation of a virtual asset sales agency agreement was done by Cha & Kwon Law Offices. Before purchasing virtual assets issued by foreign companies in Korea, it is…
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Security Tokens Will Soon Be Fully Allowed in Korea
Security tokens, which are securities based on blockchain technology, will be fully permitted in Korea. As the first step in institutionalizing the virtual asset market, fractional investment in real estate…
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Review of Relevant and Specific Categories for a Virtual Asset Service Provider
In accordance with the Act on Reporting and Using Specified Financial Transaction Information (“the Act”), Cha & Kwon Law Offices has provided a legal opinion on whether a business specializing…
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Introduction of STO System to the Korean Market—”Blue Ocean” for Securities Companies
The entry of securities tokens (STO) into the system is expected to be initiated this month. The securities industry is also preparing to expand its business operations accordingly. According to…
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Legal Advisory Services on Acquisition of A Virtual Asset Business
The acquisition of a virtual asset operator required legal evaluation and counsel from Cha & Kwon Law Offices. Legal due diligence is a crucial step when buying a firm to…