PANews reported on September 11th that, according to Cryptonews , South Korea's Ministry of SMEs and Startups announced that it will officially lift its ban on venture capital ( VC ) investments in crypto-related companies on September 16th . The ban, in place since 2018 , aims to curb excessive speculation. The revision removes crypto trading and brokerage firms from the list of "restricted venture companies," allowing them to apply for VC funding.