Building an Institutional-Grade Regulatory Compliance Framework Across Global Payments, Stablecoins, and the Web3 Business
Web3-based global payments technology company ZEKTO Co., Ltd. (CEO Cha Se-young) announced on the 5th that it has officially appointed F&L Partners—a group of experts specializing in financial regulation, capital markets, and digital assets—as its legal counsel and signed a strategic Memorandum of Understanding (MOU). Representatives from F&L Partners, including Managing Partners Kwon Chan-hyeok and Han Yeon-gyu, as well as attorneys Jo Ye-seul, Sun Il-gyun, and Kim Eun-jung, attended the signing ceremony, establishing a foundation for comprehensive cooperation between the two parties.
As discussions on stablecoin regulation and the Basic Act on Digital Assets intensify starting in 2025, ZEKTO plans to strengthen its regulatory response and compliance framework to meet institutional standards across its key businesses. These include its KONET mainnet-based Web3 services; stablecoin issuance, settlement, and payment systems; the global easy-payment platform “Nolreowa”; and the digital-asset payment platform “Konwallet.”
F&L Partners is a law firm with expertise in finance, securities, and corporate matters, and with strong capabilities in managing corporate regulatory risk. Through this collaboration, ZEKTO aims to enhance its overall legal structure across areas such as
- Regulatory risk assessment
- Enhancement of internal controls
- Review of global regulatory requirements
- Strengthening of AML/KYC frameworks
- Support for exchange listing and ongoing listing maintenance reviews, along with broader reinforcement of the overall legal framework
ZEKTO’s CEO said, “The virtual asset and digital payment industry is a market where technological change and regulatory reform are happening simultaneously, and stability and transparency aligned with institutional requirements are becoming the foundation for corporate growth.” He added, “For every major project we pursue—such as stablecoins, global payments, and Web3 platforms—we will embed regulatory review from the planning stage onward to ensure that all of our businesses meet institutional standards.”
Through this agreement, ZEKTO is expected to further solidify its position not only as a technology-driven Web3 company, but also as a “Korean-style Web3 infrastructure company” that proactively responds to changes in the regulatory environment and maintains consistency with the institutional system.
This article is a translated news piece from Korean, generated using AI technology.
View Original Article
Building an Institutional-Grade Regulatory Compliance Framework Across Global Payments, Stablecoins, and the Web3 Business
Web3-based global payments technology company ZEKTO Co., Ltd. (CEO Cha Se-young) announced on the 5th that it has officially appointed F&L Partners—a group of experts specializing in financial regulation, capital markets, and digital assets—as its legal counsel and signed a strategic Memorandum of Understanding (MOU). Representatives from F&L Partners, including Managing Partners Kwon Chan-hyeok and Han Yeon-gyu, as well as attorneys Jo Ye-seul, Sun Il-gyun, and Kim Eun-jung, attended the signing ceremony, establishing a foundation for comprehensive cooperation between the two parties.
As discussions on stablecoin regulation and the Basic Act on Digital Assets intensify starting in 2025, ZEKTO plans to strengthen its regulatory response and compliance framework to meet institutional standards across its key businesses. These include its KONET mainnet-based Web3 services; stablecoin issuance, settlement, and payment systems; the global easy-payment platform “Nolreowa”; and the digital-asset payment platform “Konwallet.”
F&L Partners is a law firm with expertise in finance, securities, and corporate matters, and with strong capabilities in managing corporate regulatory risk. Through this collaboration, ZEKTO aims to enhance its overall legal structure across areas such as
- Regulatory risk assessment
- Enhancement of internal controls
- Review of global regulatory requirements
- Strengthening of AML/KYC frameworks
- Support for exchange listing and ongoing listing maintenance reviews, along with broader reinforcement of the overall legal framework
ZEKTO’s CEO said, “The virtual asset and digital payment industry is a market where technological change and regulatory reform are happening simultaneously, and stability and transparency aligned with institutional requirements are becoming the foundation for corporate growth.” He added, “For every major project we pursue—such as stablecoins, global payments, and Web3 platforms—we will embed regulatory review from the planning stage onward to ensure that all of our businesses meet institutional standards.”
Through this agreement, ZEKTO is expected to further solidify its position not only as a technology-driven Web3 company, but also as a “Korean-style Web3 infrastructure company” that proactively responds to changes in the regulatory environment and maintains consistency with the institutional system.
This article is a translated news piece from Korean, generated using AI technology.
View Original Article