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It appears that both top investors and retail investors on the Coinone exchange are heavily focused on Ripple (XRP). As of January 31, the most purchased cryptocurrency in the past 24 hours among the top 100 high-volume traders, based on…
The rapid evolution of artificial intelligence (AI) is blurring the lines between humans and machines, evident in virtual assistants and autonomous vehicles. While AI enhances efficiency and personalization across industries, public concerns about its implications are growing. A 2023 survey…
Cryptocurrency exchange Zoomex is collaborating with global crypto influencers to launch a large-scale ‘Coinfluencer Contest.’ With a total prize pool of $215,500, this event aims to promote a healthy investment culture in the cryptocurrency market. Key Details of the Contest:…
Arweave’s groundbreaking space data preservation project is capturing global attention. The blockchain company recently deployed its “Genesis Block,” a combination of synthetic DNA storage and space exploration technology, aboard a lunar lander to preserve humanity’s knowledge for millennia. Sam Williams,…
A court has dismissed KB Securities’ request for an injunction against Toss Securities concerning their web trading system (WTS). Legal experts suggest that KB Securities might appeal the decision. Attorney Ohoon Kwon explained, “In unfair competition cases, courts typically assess…
Payment gateway providers (PGs) are subject to Anti-Money Laundering (AML) obligations, including Customer Due Diligence (CDD), under the Act on Reporting and Using Specified Financial Transaction Information. While planning and evaluating a new business structure involving a PG, our client…
The first quarter of 2024 will be shaped by three significant factors: U.S. Treasury yields, Bitcoin, and the USD/KRW exchange rate. Treasury yields are expected to rise further, supported by robust economic performance and inflationary pressures. Manufacturing data, such as…
Cha & Kwon Law Offices recently worked with a leading company to ensure the seamless and compliant launch of a ground-breaking IT service. This comprehensive advisory process involved an in-depth review of potential legal risks under various regulatory frameworks, including…
The recent surge in Bitcoin prices is bringing a fresh wave of innovation to the investment market. ETF issuers have been competitively rolling out cryptocurrency-focused products. Currently, the U.S. Securities and Exchange Commission (SEC) has received applications for over 10…
In 2024, Bitcoin achieved the “dream milestone” of $100,000, marking a historic year for the cryptocurrency market. This milestone was driven by two key events: the U.S. SEC’s approval of a Bitcoin spot ETF in January and Donald Trump’s presidential…
Corporate accounting practices are set to become stricter starting next year. According to the “2024 Corporate Year-End Closing and External Audit Guidelines” released by the Financial Supervisory Service (FSS) on December 26, listed companies and large unlisted companies will be…
Contrary to expectations, Bitcoin has experienced a significant decline during the Christmas season. As of December 24, Bitcoin is trading at $93,807, marking a steep 12% drop in just a week. This trend deviates from the patterns observed over the…
The Financial Supervisory Service (FSS) has issued a warning about a new phishing scam targeting virtual asset-related businesses and investors. On the morning of the 18th, it was revealed that fraudsters impersonated officials from the FSS’s Virtual Asset Investigation Bureau,…
Cha & Kwon recently provided legal counsel on arbitration and litigation in a dispute concerning software development agreements between IT companies. Software development agreements are highly complex, encompassing various elements such as the scope of development, timelines, and quality standards for…
