South Korea has announced significant changes in regulations for crypto firms, allowing them to obtain venture certification starting September 16, 2025.
Regulatory Changes in Seoul
The Ministry of SMEs and Startups announced a revision to the Enforcement Decree of the Venture Business Act. Now, crypto firms can apply for venture certification, providing access to tax benefits, credit guarantees, and research and development grants.
A ministry spokesperson noted, *“This decision reflects the maturity of the digital asset sector and the importance of supporting innovation while protecting investors.”*
Unlocking Growth Potential
For years, startups in blockchain and digital assets faced barriers to institutional recognition. Without venture status, they struggled to access funding. Industry experts believe this adjustment will accelerate the growth of the crypto ecosystem in South Korea.
An executive from a Seoul-based exchange commented, *“This change doesn’t just provide tax benefits, it legitimizes our work. It signals to investors that the government sees value in what we’re building.”*
Economic Implications
Market analysts expect the policy to attract venture capital into the digital assets sector. South Korean crypto firms are projected to generate $1.1 billion in revenue by 2025. With increased funding, blockchain adoption may extend beyond finance into healthcare and logistics.
By taking this step, South Korea strengthens its position among neighboring economies like Japan and Singapore, which already support crypto initiatives with favorable regulations.
The decision to extend venture certification to South Korean crypto firms signals a new chapter for the nation’s digital asset industry. While challenges remain in regulation and oversight, the policy provides startups with crucial tools for innovation and legitimacy.
