[The Korea Times_최선민 변호사] There is such a thing as Bitcoin

  By Choi Sun-min Once there was a boy who learned that there was a dragon living in his house. He told his mother, "Mom, there's a dragon in the house!" But his mother told him "Son, there's no such thing as dragons." Little by little the dragon got bigger and bigger until it took… Continue reading [The Korea Times_최선민 변호사] There is such a thing as Bitcoin

[IFLR_안찬식 변호사] South Korea: Confiscation of Bitcoin criminal assets

Bitcoin and other cryptocurrencies have been in the public spotlight in the last 18 months due to the drastic fluctuations in their values. Although still limited, the number of places where cryptocurrencies can be used as payment has been growing in recent times. However, most countries lack specific regulations on the issuance or use of… Continue reading [IFLR_안찬식 변호사] South Korea: Confiscation of Bitcoin criminal assets

[IFLR_안찬식 변호사] South Korea: Cryptocurrency regulation

Korea has no laws and regulations which are specifically apply to cryptocurrencies. The Financial Supervisory Commission (FSC) and other Korean regulatory bodies have issued a number of press releases on basic government policies regarding, among other things, initial coin offerings (ICOs), cryptocurrency exchanges, and Ponzi schemes and other fraudulent activities involving bitcoin and other cryptocurrencies.… Continue reading [IFLR_안찬식 변호사] South Korea: Cryptocurrency regulation

[THE KOREA TIMES_김동욱 변호사] Privacy issues in blockchain technology

By Kim Dong-uk The cryptocurrency fever that has shaken the world since the end of last year has been arousing people's interest in blockchain technology and letting them know what it is. Recently, many platforms utilizing the technology have emerged, meaning that it is gradually becoming a part of our everyday life, not simply a… Continue reading [THE KOREA TIMES_김동욱 변호사] Privacy issues in blockchain technology

Regulation on Digital Currencies

Popularity of Virtual Currencies Virtual currency is the newest hot issue among investors. It is now generating profit far exceeding the profit levels of stocks or bonds.  The most famous of virtual currencies, Bitcoin, jumped from KRW 300,000 to approximately KRW 3 million in two years, whereas Ethereum went up from KRW 10,000 at the… Continue reading Regulation on Digital Currencies