PANews reported on September 11th that, according to Cryptonews , South Korea's Ministry of SMEs and Startups announced that it will officially lift its ban on venture capital ( VC ) investments in crypto-related companies on September 16th . The ban, in place since 2018 , aims to curb excessive speculation. The revision removes crypto trading and brokerage firms from the list of "restricted venture companies," allowing them to apply for VC funding.PANews reported on September 11th that, according to Cryptonews , South Korea's Ministry of SMEs and Startups announced that it will officially lift its ban on venture capital ( VC ) investments in crypto-related companies on September 16th . The ban, in place since 2018 , aims to curb excessive speculation. The revision removes crypto trading and brokerage firms from the list of "restricted venture companies," allowing them to apply for VC funding.
South Korea to lift ban on VC investment in crypto companies on September 16
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PANews reported on September 11th that, according to Cryptonews , South Korea's Ministry of SMEs and Startups announced that it will officially lift its ban on venture capital ( VC ) investments in crypto-related companies on September 16th . The ban, in place since 2018 , aims to curb excessive speculation. The revision removes crypto trading and brokerage firms from the list of "restricted venture companies," allowing them to apply for VC funding.
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