South Korea to lift ban on VC investment in crypto companies on September 16

South Korea's Ministry of SMEs and Startups announced that it will officially lift its ban on venture capital (VC) for crypto-related companies on September 16. The ban, in place since 2018, was intended 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.