Is Crypto a thing under civil law?

https://www.lawtimes.co.kr/Legal-News/Legal-News-View?serial=145541 1. Difference between exchange and electronic wallet As the currency exchange became more commonplace, a new type of voice phishing technique has emerged. We tricked the victim into depositing the cash into the cryptocurrency exchange account, then converting it into a cryptocurrency and taking it out of the e-wallet located outside that exchange. What …

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Crypto Exchanges are full of scam

A, a representative of the domestic block chain company, recently gave up on the listing of a large Chinese currency exchange. This is because the interim broker required about W2bn for listing. Mr. B, a start-up representative who is preparing for the listing of the Codex Exchange, received a ridiculous proposal. If it costs only …

Criminal Liability of Crypto Scams under Korean Law

In this article I will discuss some possible crimes that can be committed through cryptocurrency. For ICOs overseas, it would be rather difficult for Korean governments to directly regulate ICOs if foreign corporations make white papers and websites in foreign languages ​​and restrict the participation of Korean investors. However, he added, "Even if the ICO is …

ICO in Hong Kong

Hong Kong, along with Singapore, is a hub of Asian finance and one of the most popular destinations for ICO. In this blog, we will look at the position of ICO announced by the Hong Kong's regulators- Securities & Futures Commission of Hong Kong(SFC). 1. Hong Kong securities laws apply to digital tokens The digital …

Amendments to the Guideline on Anti-money Laundering related to Virtual Currency

Original Korean Text   Section 1 General Rules (Purpose) This guideline is (1) to clarify matters necessary for the enforcement of the Act on the Reporting and Utilization of Specified Financial Transactions (hereinafter referred to as the "Special Act") and its subordinate statutes concerning financial transactions related to virtual currency, and (2) to specify matters …