South Korea to Include Bitcoin Trading Firms as Certified Venture Companies Under New Law Amendments
2025-07-09 04:57:35
Main Idea
South Korea plans to amend its Special Law for Venture Enterprise Promotion to include Bitcoin trading firms as certified venture companies, reversing a 2018 exclusion and integrating them into the innovation ecosystem.
Key Points
1. The Korean Ministry of Small and Medium Venture Enterprises announced the amendment on July 9.
2. Venture company designation in South Korea is for SMEs or startups meeting strict criteria, offering investment incentives and financing opportunities.
3. Since 2018, blockchain-based crypto trading and brokerage firms were excluded from this designation.
4. The proposed changes signify a shift in policy to include crypto asset firms in the country's innovation ecosystem.
Description
On July 9, the Korean Ministry of Small and Medium Venture Enterprises revealed plans to amend the Special Law for Venture Enterprise Promotion. This regulatory update aims to permit virtual
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