Crypto Exchanges, Blockchain Companies Exempted from Venture Enterprise Bill

Crypto Regulation

The government of South Korea has recently removed the local cryptocurrency exchanges and blockchain firm from the country’s “Venture Enterprise Bill.” It is primarily aimed to equip the small-and-medium-sized enterprises. The announcement of the government’s plan to exempt the tax amenities was made on August 12th. The government firstly added blockchain companies to the beneficiaries list.

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