Seoul Greenlights Crypto: Venture Status and Tax Breaks Start Sept. 16

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South Korea is opening its doors to crypto. The government has passed a revision allowing cryptocurrency firms to be designated as venture companies starting next week.

This status grants crucial advantages: tax breaks, R&D grants, and financing support.

The move reverses a 2018 ban and integrates crypto into the official startup ecosystem, providing a major boost for the industry.

Louis Adams https://www.satoshihodler.com

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.