Michaela
South Korea has ended a seven-year ban on recognizing crypto trading and brokerage companies as venture firms, signaling a policy shift to bring its startup ecosystem in step with global market trends.
Key points:
- South Korea has lifted a seven-year ban, allowing crypto firms to qualify as venture firms and access funding, incentives, and support programs.
- The reform strengthens Korea’s global competitiveness by aligning its startup ecosystem with international digital asset trends.
- Venture certification is expected to attract more capital, institutional interest, and developer activity to the country’s blockchain sector.
South Korea’s Ministry of SMEs and Startups (MSS) confirmed that the Cabinet approved an amendment to the Enforcement Decree of the Special Act on Fostering Venture Businesses. The change removes cryptocurrency trading and brokerage from the list of industries previously barred from being designated as venture firms, local outlets reported.
Firms in these sectors will soon be able to apply for venture certification under the same conditions as other innovative businesses, starting September 16.
In 2018, South Korea imposed restrictions that grouped crypto businesses with gambling and nightlife amid speculation and public concern. The decision was widely criticized by industry leaders, who warned it would harm the nation’s global competitiveness.
“This regulatory reform is designed to align Korea with global trends in digital assets and to secure future growth engines. We will concentrate policy efforts on fostering a transparent and responsible ecosystem that allows venture capital to flow smoothly and supports the growth of new industries,” Minister of SMEs and Startups, Han Seong-sook, stated.
The policy shift opens the door for crypto firms and blockchain startups to seek venture certification, granting them access to incentives, funding, and support programs that were previously out of reach. The move is expected to strengthen South Korea’s appeal as a growing hub for digital asset innovation.
SHIB’s Edge as Korea Backs Crypto Firms as Venture Firms
For SHIB holders, South Korea’s decision to recognize crypto firms as venture businesses signals a growing wave of legitimacy in one of the world’s most active digital asset markets. The change could draw fresh capital and institutional participation while providing greater regulatory clarity, all of which may improve liquidity and adoption opportunities for SHIB.
As venture-certified startups gain momentum, Shibarium could emerge as a natural beneficiary, attracting developers eager to build within Asia’s fast-expanding blockchain ecosystem. Increased cross-border partnerships and stronger integration with the region’s digital infrastructure may further position SHIB and its layer-2 network as key players in South Korea’s next phase of crypto innovation.
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
