[Consulting] Legal review of the securities nature of cryptocurrencies

Law firm Veat conducted a legal review regarding the securities status of virtual currency used within the game.

A사는, which provides metaverse-related games based on blockchain, requested a legal review concerning the securities status of virtual currency used within that game.

Accordingly, Law firm Veat meticulously analyzed the role and scope of use of virtual currency within the game, based on relevant laws and regulations, precedents, and interpretations, such as the “Act on Capital Markets and Investment Securities” (“Capital Markets Act”), and prepared a legal opinion regarding the securities status of virtual currency.

Law firm Veat is working with major domestic partners in the virtual currency and blockchain industry, leading the legal market for blockchain, and providing excellent legal advisory services to help clients overcome the uncertainties of the blockchain business environment. Specifically, the leading lawyers of Law firm Veat, including CEO Seongho Kim, Partner Dongyung Song, and Senior Partner Ilwon An, have been appointed as members of the IT Blockchain Committee of the Korea Bar Association, further enhancing their expertise.

If you need legal advice regarding virtual currency and blockchain, please contact Law firm Veat at any time.

Thank you.