Korea Virtual Asset Investment Association (KVAA) successfully completed virtual asset investor protection seminar

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[Blockchain Today Correspondent Han Ji-hye] The Korea Virtual Asset Investment Association announced on the 4th that it successfully held an association founding seminar on the 31st at the Parnas Hotel in InterContinental Seoul, Gangnam-gu, with the theme of ‘The Current State and Direction of Investor Protection in Virtual Assets’.

Former lawmakers Kim Seon-dong and Oh Oh-hwan, who delivered congratulatory speeches at this seminar, said, “Investment in virtual assets is an irresistible global trend. In this trend, many laws are being discussed in the National Assembly to create a sound investment environment, and measures to protect investors are also being discussed. ” He said, talking about the changed perception of virtual assets, and said that the launch of the Association for Investor Protection and the seminar will be a very meaningful time in a situation where investors are suffering one after another due to wrong investment in virtual assets.

In particular, on this day’s seminar, away from the academic discussion-oriented seminar, famous influencers listened to cases of actual investors being damaged, and based on this, experts in each field discussed what measures would be needed to protect investors in the future. It was conducted in such a way that it was well received by the attendees.

In Session 1, ‘Maeeknam’ and ‘Coin Detective’, influencers who work as professional traders and have many subscribers, deal with the damage caused by fraud and misdeposit through multi-level and reading rooms, and damage caused by reckless listing. and explained the position of the victims.

In Session 2, Director Lee Seong-gwan of the Virtual Asset Investment Association explained the need for institutional arrangements and what the association is preparing for improvement tasks for virtual asset trading and investor protection.

Director Lee Seong-gwan said that the basics of investor protection should start with guaranteeing investors’ right to know, and explained that investing in the impatience that it will be late if you do not invest now is the biggest cause of damage. In addition, the fact that there is no minimum guideline for distinguishing fraudulent coins is a reality that is increasing damage. In the future, the association will act as a minimum ‘discriminator’ ▲ Create a guide to distinguish multi-level coins and scam coins ▲ Prevent misdeposits He announced that he would make efforts to expand self-regulation of the market by preparing technical and institutional devices, ▲ proactively responding to phishing sites, and ▲ making coin investment guidebooks and ICO checklists.

In the following session 3, experts in each field gave presentations on measures to prevent damage and protect investors.

▲ Professor Yoon Seok-bin of Sogang University’s Blockchain Research Institute explained the future financial service model, the complex asset era, along with the prospect of CBDC under the topic of ‘Virtual Asset Technology Trend’. ▲ Minwoo Gu, the branch manager of Uppsala Security, explained the cases of financial crimes in virtual assets and countermeasures under the theme of ‘Security Threats to Investors in Virtual Assets and Countermeasures’. ▲ Lawyer Ho-Jun Hwang of Jeongsol Law Firm explained the virtual asset-related laws that are being discussed these days under the theme of ‘Main Concepts and Future Directions of the Virtual Box Industry Act’ in an easy-to-understand way for the participants and also explained future laws . ▲ In the case of the domestic virtual asset industry, in the case of the domestic virtual asset industry, issuing tokens abroad creates a legal blind spot, which is concerned about the occurrence of victims. The distribution of verification guidelines and the establishment of a professional supervisory body were suggested as alternatives. ▲ Hexland CEO Noh Jin-woo, who was the last speaker, emphasized that individuals should also pay attention to the use of cold wallets to safely store their digital assets in the topic of ‘How wallet providers store virtual assets safely’. As the government guidelines, it is recommended that individuals manage their assets at a rate of 70% for cold wallets and 30% for hot wallets.

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