South Korea bans venture capital companies from investing in digital currency exchanges.
According to News.mt.co.kr,The South Korean government classified the digital currency exchange as a fortunate profit-making industry and prohibited venture capital companies from investing.
The government defines virtual currency exchange as a gambling business and excludes it from venture capital investments.
Some analysts pointed out that this may indicate that the South Korean government believes that digital currency exchanges will have a greater negative impact on society than on the development of the blockchain market.
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