๐๐นSouth Korea plans to include cryptocurrency companies in the category of startups to enjoy the benefits of policy๐ฏ
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๐ด๐ธAccording to BlockBeats, on July 9, and according to The Block, the Ministry of Small and Medium Enterprises and Startups in South Korea issued an announcement today, announcing plans to amend the current (Act on the Promotion of Venture Capital Companies) to allow virtual asset trading and brokerage service providers to register as "Venture Capital Companies," making them eligible for related government support policies.
๐ต๐ธIn South Korea, a "venture company" refers to any small or medium-sized company or startup that has official government accreditation. It must meet specific criteria in terms of investment size, research and development intensity, and technology evaluation to obtain accreditation and enjoy preferential policies such as tax exemptions and financial support.
๐ข๐นUnder current regulations, cryptocurrency trading and blockchain-based brokerage companies have been excluded from venture capital certification since 2018, and are classified in the same restricted industry as bars, nightclubs, and other venues.,
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