Upbit to Provide 'Korean White Papers' for 27 Virtual Assets... "All White Papers to Be Translated by Next Year"

[Asia Economy Reporter Lee Myunghwan] Upbit announced on the 23rd that it will provide full translations of digital asset whitepapers into Korean.

A whitepaper is a type of business plan written by the issuer of a digital asset. It contains information such as the team composition, issuance volume and circulation plans of the digital asset, and technical capabilities. Investors can verify the business direction that the digital asset issuer intends to pursue through the whitepaper. In other words, the whitepaper functions as an investment indicator.

Due to the nature of the digital asset industry targeting the global market, whitepapers are primarily written in English. This is the background for concerns about information asymmetry. Since blockchain is an emerging technology and related terminology is unfamiliar to the general public, it has been pointed out that it is difficult to easily understand the content of whitepapers written in English.

Upbit explained that since February, it has been working on translating English whitepapers into Korean so that domestic investors can accurately and conveniently access information related to digital assets. The translation work involved experts with a high understanding of blockchain technology and skilled translators.

Upbit’s Korean whitepapers translate the entire document regardless of length. As of the 23rd, Upbit provides a total of 27 Korean whitepapers, with some whitepapers reaching up to 60 pages in length.

An Upbit official stated, "We have been working on translating whitepapers into Korean to resolve information asymmetry in digital assets and strengthen investor protection," adding, "Upbit and the Upbit Investor Protection Center will continue to strive to create a proper and sound digital asset market."

The Korean whitepapers provided by Upbit can be found in the 'Information' tab of individual digital assets within the Upbit application (app) and website, as well as in the 'Research & Analysis' tab on the Upbit Investor Protection Center website. Upbit plans to provide Korean whitepapers for all digital assets traded on Upbit by next year.

This content was produced with the assistance of AI translation services.