South Korea's largest encryption venture capital broke the news: the government is expected to open institutional investment in Cryptocurrency and allow domestic launch coin

Simon Kim, CEO of Hashed, the largest encryption venture capital institution in Korea, pointed out that the postponement of cryptocurrency taxation for another two years will promote the implementation of many new policies, indicating that the Korean market will usher in major changes. (Background: Korea postponed the taxation of cryptocurrency gains to 2027, will the taxation process in Taiwan be affected?) Yesterday (1), Simon Kim, CEO of the largest encryption venture capital institution Hashed in Korea, stated in a post that with the further extension of cryptocurrency taxation in Korea, the institutionalization process in the Cryptocurrency and Web3 fields in the country is expected to accelerate. Kim listed a number of expected policies to be promoted, including allowing companies to open Cryptocurrency accounts, allowing institutional investors to participate in Cryptocurrency investments, allowing issuance of Token in Korea, issuing STO/RWA regulatory frameworks, etc. Other important policy directions also include formulating guidelines related to Stable Coin, establishing virtual asset accounting standards, subdividing professional fields such as custody, allowing Cryptocurrency companies to be recognized as venture companies (currently regarded as gambling industry), allowing Korean exchanges to access overseas users, and opening up investment restrictions for Korean companies on overseas Blockchain companies. With crypto taxation in Korea delayed for two more years, I expect the long-delayed crypto/web3 institutionalization in the country to pick up steam soon.