South Korea's cryptocurrency regulatory dynamics welcome a new chapter! 🇰🇷✨ Simon Kim, the CEO of South Korea's largest crypto venture capital firm Hashed, stated that the country's cryptocurrency tax policy has been postponed for another two years. This move is expected to accelerate the institutionalization process in the country's cryptocurrency and Web3 sectors. 📈

In the future, South Korea may allow businesses to open cryptocurrency accounts, enable institutional investors to participate in cryptocurrency investments, and allow the issuance of tokens domestically. Additionally, a regulatory framework for STO/RWA is also in the works. 📊

Other policy directions include establishing stablecoin guidelines, creating accounting standards for virtual assets, and recognizing cryptocurrency companies as venture capital enterprises. These policy adjustments in South Korea may bring new development opportunities for cryptocurrencies like Bitcoin! 🚀