South Korea will change its policy starting September 16, 2025, allowing crypto companies to obtain venture firm status. This decision aims to support innovations in the blockchain sector.
Policy Change for Crypto Companies
According to new legislation, crypto companies will have the ability to register as venture firms. This is an important step, as such companies were previously blocked from obtaining this status. The government hopes that lifting restrictions will encourage innovation and the growth of the blockchain sector.
Importance of This Move for the Industry
For years, crypto companies in South Korea faced strict regulatory hurdles that limited their growth. Now, with the new status, they will gain access to tax benefits and government support. Analysts suggest that this change could attract more blockchain startups to register in South Korea.
Boosting Innovation and Investment
This shift aligns with South Korea's commitment to fostering digital innovation. Providing equal opportunities for crypto firms and other startups will boost investments in new technologies and help local companies compete globally.
South Korea's decision to grant crypto companies venture firm status will be a significant factor in the development of the national economy and strengthening the country's position as a crypto hub.
