South Korea’s policy U-turn favors ‘crypto’ firms
South Korea is reportedly about to lift a seven-year restriction on virtual asset trading and brokerage businesses being recognized as ‘venture companies.’ This means they would be able to apply for tax breaks and financing support.
Despite recent indications that more substantial regulation could be incoming, this policy change may signal South Korea moving toward a stance closer aligned with current United States policy under President Donald Trump, which embraces the digital assets space…
