South Korean cryptocurrency trading and brokerage firms are expected to be re-included in the scope of venture business recognition.

On July 9 (UTC+8), according to Newsis, the restriction that previously prevented South Korean cryptocurrency trading and brokerage firms from being recognized as "venture companies" is expected to be lifted. South Korea's Ministry of SMEs and Startups announced on July 9 that it would revise the relevant implementing rules of the "Special Act on the Promotion of Venture Businesses," so that these companies can also enjoy government support policies for venture companies in the future. (Source: Newsis) [MetaEra]