CoinVoice has recently learned that Simon Kim, CEO of Hashed, Korea's largest crypto venture capital institution, pointed out that as the taxation of cryptocurrencies in Korea is postponed for another two years, the institutionalization process in the country's cryptocurrency and Web3 fields is expected to accelerate. Kim listed several anticipated policies to be advanced, including allowing companies to open cryptocurrency accounts, opening participation in cryptocurrency investment to institutional investors, permitting the issuance of tokens in Korea, and launching a regulatory framework for STO/RWA.
Other important policy directions also include the formulation of guidelines related to stablecoins, the establishment of accounting standards for virtual assets, the subdivision of professional fields such as custody, recognition of cryptocurrency companies as venture capital firms (currently regarded as gambling), allowing Korean exchanges to access foreign users, and lifting restrictions on Korean companies' investments in overseas blockchain companies. [Original link]