South Korea Grants Crypto Firms Venture Company Status, Boosting Innovation and Investment

South Korea is taking a major step towards fostering innovation in the cryptocurrency sector by lifting its ban on venture company status for crypto firms. Effective September 16th, 2025, these companies will gain access to tax breaks, lower financial barriers, and government-backed funding programs. This policy change marks a significant shift in South Korea’s approach to blockchain technology and is expected to attract new startups and increase investment in the country’s growing crypto industry.