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South Korean Ministers Take Companies Trading Virtual Assets Off List of Venture Business Entities

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Thu, 27/09/2018 - 17:55
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South Korean Ministers Take Companies Trading Virtual Assets Off List of Venture Business Entities
Cover image via U.Today
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On Thursday, the cabinet ministers of South Korea decided to stop classifying all sales and brokerage firms dealing with crypto and Blockchain as venture business models.

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Back in August, the same initiative was already applied to crypto exchanges. They were taken out of the legislation covering venturing business too. Today’s decision is the sequel to that move.

Meanwhile, last week the local ministry of science dealing with technologies (MSICT) announced its intentions to support the home DLT industry with the purpose of ensuring the country’s technological boost.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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