🇰🇷 South Korea Set to Reclassify Crypto Firms as Venture Companies — A Major Boost for Web3

🏛 In a groundbreaking move, the South Korean government is preparing to reclassify crypto firms as "venture companies", granting them long-denied access to tax incentives, subsidies, and financial support.

🌐 Until now, crypto companies were excluded from this classification—blocking them from the very benefits that fuel innovation and growth across tech sectors.

📢 This proposed policy shift could unlock millions in funding and tax breaks, signaling a powerful endorsement of blockchain and Web3 innovation in Asia's 4th largest economy.

💡 If passed, this amendment could mark a turning point for South Korea’s digital asset industry, empowering startups, attracting institutional capital, and reinforcing its status as a global crypto hub.

#SouthKorea #CryptoRegulation #Web3 #Blockchain

https://coingape.com/seoul-to-reclassify-crypto-firms-as-venture-companies-unlocking-subsidies-and-tax-break/?utm_source=bnb&utm_medium=coingape