Creating a Token Consignment Sale Contract

Client A is an issuer of tokens and wishes to enter into a token custodial sales contract. It is important to properly structure the token consignment sales contract so that it does not constitute illegal sales activities such as fraudulent receipt or pyramid schemes. In particular, with the recent enforcement of the Virtual Asset User Protection Act, it is necessary to carefully review whether such consignment sales activities are subject to the Act. Cha & Kwon Law Offices’ expertise in virtual assets helps clients minimize legal risks and ensure safe and clear contracts.

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