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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Initial DEX Offering (IDO) Platform Development
Cha & Kwon Law Offices examined legal contract for Initial DEX Offering (IDO) Platform Development. For IDOs sold on decentralized exchanges, writing legal contracts require deep understanding of blockchain…
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Winning the Lawsuit on Managerial Dispute of Blockchain Business Operator
Cha & Kwon Law Office deputized a client operating a blockchain business on a managerial dispute and won the lawsuit. We also attempted to collect the litigation expenses from the…
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Winning the Lawsuit on Managerial Dispute (Confirmation on Shareholder Right and Register)
From a corporation operating a blockchain business, Cha & Kwon Law Offices received and won two lawsuits on managerial disputes such as confirmation on shareholder right and its registration. …
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The Legal Nature of Cryptocurrencies in Korea
BITCOINS ARE “INTANGIBLE ASSETS WITH PROPERTY VALUES” SUBSTITUTE PAYMENTS IN FIAT MONEY IS “VALUE OF BITCOINS AT THE TIME OF CLOSING ARGUMENT OF THE APPELLATE COURT” As the price of…
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Korea’s Virtual Assets/Cryptocurrency Law: Difficulties with Real Name Accounts
Cryptocurrency exchanges will be forced to shut down starting from September 25, if it fails to obtain Real Name Accounts. Investors at the risk of not knowing whether cryptocurrency exchanges…
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Korea’s Virtual Assets/Cryptocurrency Law: Multi-sig crypto companies
Scope of VASPs still vague after amendment of Specified Transaction Information Act. Cyrpto businesses providing multi-sig technology may or may not fall within the scope of VASPs defined by Korean…
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Korea’s Virtual Assets/Cryptocurrency Law: Clean Finance-Related Criminal Records Required
The recently amended Specified Transaction Information Act sparks legal debate as it fails to obstruct financial criminals from re-engaging in the crypto business. Acceptance of AML reports is at the…
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Korea’s Virtual Assets/Cryptocurrency Law: KoFIU Releases VASP Reporting Manual for Crypto Business in Korea to Meet AML Obligations
Following amendment to the Korean Act on Reporting and Using Specified Financial Transaction Information(the “Act”) on March 24, 2020 (to be enforced on March 25, 2021), the Korea Financial Intelligence…
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Korea’s Virtual Assets/Cryptocurrency Law: FSC Korea Proposes Enforcement Decree to the Specified Financial Information Act: AML Obligations for VASPs
The Financial Services Commission(the “FSC”) Korea, proposed an enforcement decree(the “Proposed Enforcement Decree”) to the Act on Reporting and Using Specified Financial Transaction Information(the “Act”) from November 3, 2020 to…