D’LIGHT has been providing high quality legal services to various Blockchain companies since 2017, as the ICO boom hit Korea. Blockchain technology is a core driver of the Fourth Industrial Revolution, creating new and innovative business models that were previously unimaginable. Unlike the rapid technological and financial changes, the law and regulation over this field has been slow to develop and catch up, and this failure to develop has caused numerous unforeseen legal issues. To help companies wade through the legal quagmire and operate their Blockchain-related businesses, we have distributed and updated for free “The D’LIGHT ICO Guidelines” covering a token issuance, investment collection, and platform design. In addition, we provide efficient and accurate counsel on all legal issues related to the Blockchain, including ICO, IEO, STO, Exchange, DID, personal information management, De-Fi, AML, foreign exchange compliance, IP rights, and VC investment. We also host seminars and contribute to publications regularly ahead of the rapidly changing Blockchain business trends.

D’LIGHT’s Blockchain Practice Group has reviewed the viability and legality of the clients’ business models from the project planning phase and provides legal advice regarding various contracts and business operations. The clients using this service had been primarily in the rising startup sector that incorporated Blockchain technology to both issue virtual assets and create new business models. However, existing business sectors, such as banks and manufacturers, have started incorporating Blockchain technology, which has led to the rise of new legal issues due to the conflict between the convenience and privacy of the technology and the legal regime requiring disclosure and oversight. Legal experts with extensive experience and knowledge of the Blockchain technology and the sector will be essential to recognize and mitigate future legal risks, and our Blockchain Practice Group remains ever committed to providing cutting edge legal services satisfies our clients’ needs.

In addition to domestic laws and regulations concerning Blockchain and virtual assets, companies doing business in Korea, foreign and domestic, must be cognizant of the movement among countries to enact laws on virtual assets founded on the FATF’s Interpretive Note and Guideline published in June 2019. In Korea, the recent revision of the Act on Reporting and Use of Specific Financial Transaction Information spurred change in regulations for businesses involving virtual assets by tightening the regulations on the issuance and monetization of virtual assets. With this transition to regulation, we provide quick and reliable solutions to help our clients engage in virtual asset-related businesses in compliance with the revised laws, regulations, and regime


We also provide legal services to clients that conduct Blockchain business in countries that have a vigorous Blockchain and virtual asset industry, such as Singapore, Malta, Hong Kong, Estonia, Switzerland, Netherlands, and the United States. In these countries, our clients may issue tokens and raise funds through ICOs or STOs, develop and distribute virtual asset exchanges or public chains, create efficiencies for businesses using private chains, provide custody service or solutions for AML, and personally invest in virtual assets. In addition, we have signed a memorandum of understanding with clients that provide comprehensive AML solutions to comply with anti-money laundering regulations.