6-2. Introduction

Currently, there are no laws in Korea that directly regulate blockchain-based tokens. However, the revised Act on Reporting and Using Specified Financeial Transaction Information stipulates the concept of virtual assets, and if your company is included in the status of a virtual asset business operator, there is a possibility of regulation under the revised Act on Reporting and Using Specified Financeial Transac- tion Information.

However, if you are not involved in the sale or purchase of virtual assets, exchange with other virtual assets, transfer of virtual assets, storage/management, or brokerage, you are exempt from reporting obligations as a virtual asset business operator. To that extent, you may be considered as a virtual asset business operator.