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In Q2 2025, Asian countries have emerged as active players in the global Web3 landscape, striving to balance regulation and innovation. Korea is seeing heightened policy attention around KRW-based stablecoins, alongside growing involvement from traditional financial institutions and foreign exchanges.…
As momentum builds around the issuance of KRW-based stablecoins, experts emphasize the need to shift from a centralized, deposit-based model to a technology-driven decentralized ecosystem. Kim Hyung-joo, Executive Director of the Korea Blockchain Industry Promotion Association, called for the Financial…
A client who fell victim to an online investment scam discovered that the fraudster had concealed the stolen funds in cryptocurrency exchanges. Given the speed at which digital assets can be transferred or liquidated internationally, even a single day of…
In the first week of July, the cryptocurrency market showed a generally stable trend with a modest upward movement. The Upbit Composite Index rose by 0.47% to 14,625.13, while the Altcoin Index increased by 1.2%, reflecting relatively stronger performance. The…
A Korean mid-sized company (the “Client”) established a Special Purpose Company (SPC) in the British Virgin Islands (BVI) to enhance tax efficiency and attract foreign investment. For convenience, the Korean company’s CEO was also registered as the sole director of…
On June 26, the Korea Blockchain Industry Promotion Association (KBIPA) and the Blockchain Law Society co-hosted a joint seminar to explore emerging technologies and regulatory trends in the Web 3.0 era. Over 70 professionals from the blockchain, legal, and financial…
A Korean fintech startup (the “Client”) planned to launch a blockchain-based investment platform targeting U.S. investors, with the goal of raising capital for private funds. The business model included charging both fund management fees and separate platform usage fees based…
On June 23, DataMaxiPlus identified the top cryptocurrency arbitrage opportunities based on real-time price differences across exchanges. Notable assets with strong profitability included Creditcoin (CTC), Kaia (KAIA), Status (SNT), and Solayer (LAYER), each offering arbitrage premiums around 0.3% and theoretical…
TokenPost, Korea’s leading digital asset media outlet, has officially launched the nation’s first integrated cryptocurrency portfolio management service. This new platform enables investors to view and analyze their digital assets across multiple exchanges—including Upbit, Bithumb, and Bitget—in a single interface.…
Stablecoins are a type of cryptocurrency designed to maintain a stable value by pegging to fiat currencies like the U.S. dollar or Korean won, or to real-world assets such as gold or government bonds. There are three main types: fiat-collateralized…
Cha & Kwon Law Offices recently provided legal advice to a client regarding the definition of “virtual asset” under the Virtual Asset User Protection Act. The primary focus was on interpreting the phrase “electronic token (including all rights related thereto)”…
As the competition between the U.S. and China over artificial intelligence and cryptocurrency intensifies, David Sacks, the White House’s advisor on AI and crypto policy, warned that the technological gap between the two countries is narrower than previously thought. Speaking…
A “hard fork” in cryptocurrency refers to a major update to a blockchain system that is not backward-compatible with previous versions. In a hard fork, the original coin remains unchanged, while a new coin with upgraded features is created. Examples…
Executive Summary Cha & Kwon is a leading Korean law firm specializing in cryptocurrency and Virtual Asset Service Provider (VASP) regulations. We provide comprehensive legal support for foreign entities seeking to access Korean virtual asset exchanges including Upbit, Korbit,…
