Hashed CEO: It is expected that Korea will allow institutional participation in cryptocurrency investment and allow project parties to launch coins in Korea.

CoinVoice has learned that Simon Kim, CEO of Hashed, Korea’s largest encryption venture capital firm, pointed out in a recent post that with the two-year extension of Cryptocurrency taxation in Korea, the institutionalization process of Cryptocurrency and Web3 in the country is expected to accelerate. Kim listed a number of expected policy developments, including allowing companies to open Cryptocurrency accounts, opening up institutional investors to Cryptocurrency investments, allowing issuance of Tokens in Korea, and releasing STO/RWA regulatory frameworks.

Other important policy directions also include the formulation of guidelines related to Stable Coin, the establishment of virtual asset accounting standards, the subdivision of professional fields such as custody, the recognition of Cryptocurrency enterprises as venture enterprises (currently considered as gambling industry), allowing Korean exchanges to access overseas users, and lifting the investment restrictions of Korean enterprises on overseas blockchain companies. [Original link]