Hashed CEO: It is expected that South Korea will open up institutional participation in cryptocurrency investments, allowing project teams to issue tokens in South Korea

ChainCatcher news, Simon Kim, CEO of South Korea's largest crypto venture capital firm Hashed, pointed out that with the postponement of cryptocurrency taxation in South Korea for another two years, the institutionalization process in the country's cryptocurrency and Web3 sectors is expected to accelerate. Kim listed several anticipated policies, including allowing companies to open cryptocurrency accounts, opening up participation for institutional investors in cryptocurrency investments, permitting the issuance of tokens in South Korea, and releasing a regulatory framework for STO/RWA.

Other important policy directions include establishing guidelines related to stablecoins, creating accounting standards for virtual assets, segmenting professional fields such as custody, recognizing cryptocurrency companies as venture capital firms (currently regarded as part of the gambling industry), allowing South Korean exchanges to access overseas users, and lifting restrictions on South Korean companies' investments in overseas blockchain firms.