South Korea's cryptocurrency exchanges and brokerage firms are expected to be included in the risky business certification

On July 9th, South Korea's cryptocurrency trading and brokerage companies, which were previously unable to be recognized as "risk enterprises" due to policy restrictions, are now expected to have this restriction lifted. The South Korean Ministry of SMEs and Startups announced on July 9th that they will amend the relevant implementation rules of the "Special Act on the Cultivation of Risk Enterprises", allowing these types of enterprises to also benefit from government support policies for risk enterprises.