South Korea's cryptocurrency policy welcomes new opportunities! 🇰🇷 Hashed CEO Simon Kim stated that the taxation on cryptocurrencies in South Korea has been postponed for another two years, providing an accelerated opportunity for the institutionalization process in the cryptocurrency and Web3 fields.

Kim expects multiple policies to advance, including allowing businesses to open cryptocurrency accounts, institutional investors to participate in cryptocurrency investments, token issuance, and the release of STO/RWA regulatory frameworks. Additionally, guidelines for stablecoins, accounting standards for virtual assets, and further segmentation in the custody sector will be developed.

These policy changes could bring new vitality to South Korea's cryptocurrency market, especially by opening up access for foreign users to Korean exchanges and easing restrictions on overseas blockchain investments. 🔍