Hashed CEO: It is expected that South Korea will open up institutions to participate in cryptocurrency investment, allowing project parties to issue coins in South Korea

Simon Kim, CEO of Hashed, the largest crypto venture capital firm in South Korea, wrote that with the extension of cryptocurrency taxation in South Korea for another two years, the institutionalization process of cryptocurrency and Web3 in the country is expected to accelerate. Kim listed a number of expected policies, including allowing companies to open cryptocurrency accounts, opening up institutional investors to participate in cryptocurrency investment, allowing the issuance of tokens in South Korea, and issuing an STO/RWA regulatory framework.
Other important policy directions include the development of stablecoin-related guidelines, the establishment of virtual asset accounting standards, specialized areas such as sub-custody, the opening of cryptocurrency companies to be recognized as venture capital enterprises (currently regarded as gambling), allowing Korean exchanges to access foreign users, and the relaxation of investment restrictions on overseas blockchain companies by Korean companies.