[Consultation] Review of Listing Agreement for Virtual Currency Exchange

Law firm Veat conducted business to draft and review token listing agreements based on a request from Virtual Currency Exchange A’s virtual currency exchange.

Virtual Currency Exchange A sought to clearly define responsibility in the event of issues with the token issuer’s soundness and other matters after token listing, to prepare for potential disputes.

Accordingly, Law firm Veat provided token listing agreements containing ▲Regulations on duties and responsibilities between a virtual currency exchange and a token issuer, ▲content to block the occurrence of such problems to the greatest extent possible in advance, and ▲a token listing agreement including a token listing delisting clause to allow the virtual currency exchange to quickly and effectively delist the token if such a problem occurs.

The virtual currency market is growing explosively. Amidst the rising trend of virtual currency investors, numerous new tokens and coins are listing, and consequently, the delisting of tokens and coins with insufficient trading volume or technological development is also increasing. Amidst the growing opinion that virtual currency exchanges that have indiscriminately permitted listings should bear responsibility for investor protection due to token and coin delistings, there is also increased attention to the scope of operation and responsibility of virtual currency exchanges.

Law firm Veat provides diverse and professional legal counsel as a consultant/advisor lawyer for domestic and foreign famous virtual currency, blockchain companies. If you need legal advice, including token listing agreements, during the operation of virtual currency exchanges, please contact Law firm Veat at any time.

Thank you.