South Korea Loosens Restrictions on Crypto Firms: Venture Capital Investment Allowed

South Korea is taking a significant step forward in its crypto regulation with the lifting of a ban on venture capital investments for cryptocurrency firms, effective September 16th. The Ministry of SMEs and Startups’ decision to lift this long-standing restriction was enacted to mitigate excessive speculation in the sector and foster innovation. The amendment will remove crypto trading and brokerage companies from the list of