Summary: Why is South Korea reclassifying crypto firms as venture companies? South Korea wants to support the growth of its digital asset sector. By giving crypto firms venture status, they can access tax breaks, subsidies, and state funding. This change reverses a 2018 policy that excluded them from such benefits. South Korea has announced plans to reclassify cryptocurrency trading and brokerage firms as “venture companies,” a shift that would grant them access to government subsidies, tax benefits, and financial assistance
source: https://news.shib.io/2025/07/09/south-korea-recognizes-crypto-firms-as-ventures-what-does-this-mean-for-shib/