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South Korea Excludes Crypto Exchanges from Venture Firm Certification, Tax Rate Increases 100 Percent

Cryptocurrency exchanges in South Korea faced the dreaded government hammer last week, as the authorities decided to exclude the burgeoning business type from the country’s “Venture Company” certification, reported Business Korea on Oct.1. The certification provides small and medium businesses with tax breaks, relaxed government policies, and privileged support for raising funds and acquiring lines […]

South Korea Excludes Crypto Exchanges from Venture Firm Certification, Tax Rate Increases 100 Percent