D'Light provided legal advice on the business model of issuing NFTs as a means of authenticating participation in the project to form a movie viewer's participatory community in the movie industry. NFT (Non-fungible token) refers to a virtual token that...
Category: Blockchain
D'Light advised a client that sells and entrusts mining machinery on whether it is permissible under Korean law to engage in such business in Korea. The authorities determine whether a business is subject to regulation by making decisions based on...
D'Light has advised a client in the field of acceleration and early-stage investment in the field of Web 3.0 on the entire investment process. The client wanted to receive an initial investment in the form of a Simple Agreement for...
D'Light advised a client that sells non-fungible tokens (NFTs) for the alcoholic beverage and operates a related platform on whether it violates domestic liquor laws, the Act on the Reporting and Use of Specified Financial Information Transactions (the "Specified Financial...
Current Korean laws have not determined whether NFTs are virtual assets under the Act on Reporting and Use of Certain Financial Transaction Information (the Act) and leave it to the nature of the NFT for such determination. If an NFT...
NFTs have potential to work within real estate transactions due to their irreplaceable nature.In the US use of NFTs in real estate transactions is increasing. For example, NFTs have been used for rental property auctions and real estate mortgage transactions.Under...
D’LIGHT advised a client on the negotiation of a Simple Agreement for Future Tokens (SAFT), an agreement by which a virtual asset issuer receives payment and later issuing and delivering tokens.The client needed guidance on the method of token sales,...
Financial authorities are currently determined to fire repair virtual asset business reports on most virtual asset exchanges, and are actually looking into virtual assets handled by virtual asset exchanges. As a result, exchanges preparing to report virtual asset businesses are...
In the past, professional investors in the virtual asset sector have generated profits by participating in private sales of typical utility tokens, but recently by participating in private sales or angel investments in DeFi protocol-based tokens. D’LIGHT Law Group provided...
Platform operators who were using virtual assets as a means of payment are currently in an unstable situation where they can be subject to both the Electronic Financial Transaction Act and the Specific Financial Information Act. Our corporation judged the...