Crypto Business Excluded from Venture Business in South Korea

Crypto Business Excluded from Venture Business in South Korea

The cabinet ministers in the South Koreas have decided to exclude the cryptocurrency related business from venture business classification. The government reported, “Money laundering and hacking related to blockchain-based digital asset trading and brokerage business are occurring, we will set it as a business sector not [to be] included in the venture enterprise and form a sound industrial ecosystem.”

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