As we've mentioned in our other Korean Law Blog, virtual currency or more popularly known as cryptocurrency is a digital representation of value that can be digitally traded or transferred. When holders are using these virtual currencies the transactions are completed via Blockchains (decentralized databases). For article on virtual currency law in Korea, please read: Korea's Virtual Assets/ Cryptocurrency Law. This law firm works on ICO and Blockchain matters for clients doing business in the United States, Korea, China, and Southeast Asia.
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