On September 16, South Korea announced the lifting of crypto restrictions for venture companies, marking a significant moment in the crypto landscape. This policy aims to provide startups with easier access to financing and tax breaks, reflecting the growing global trust in the crypto industry.
Key Points
- South Korea's crypto restrictions, imposed in 2018, have been lifted.
- The new policy aims to foster growth for startups and innovative projects.
- Pepenode’s ($PEPENODE) presale is nearing $1M in a short span.
- The South Korean crypto market is projected to reach $1.1B by 2025.
- Increased investor confidence may trigger a new market rally.
In-Depth Analysis
The announcement represents a major shift after seven years of strict regulation. The Ministry of SMEs and Startups (MSS) states that this change will create more growth opportunities for startups, especially as the crypto market matures. Despite previous regulatory constraints, the number of crypto users in South Korea has continued to grow, surpassing 16 million, which accounts for 32% of the population. This indicates a robust demand for cryptocurrencies.Pepenode's presale is a standout feature of this new policy era. The project has attracted a considerable number of investors through its interactive mining experience. Participants can purchase and upgrade nodes to create their virtual mining facilities. Although they are not actually mining coins, this gamified approach effectively boosts user engagement and investment enthusiasm. As interest in the project rises, Pepenode's presale is approaching the $1M milestone, showcasing market enthusiasm.
Market Impact
South Korea's regulatory shift will undoubtedly have a profound impact on the global crypto market. Experts predict that with the restoration of investor confidence and increased market liquidity, a new "alt season" may emerge. Bitcoin has already surpassed $114K, and market participants believe that breaking the psychological barrier of $115K could further propel prices upward.Beyond Bitcoin, emerging projects like Pepenode will benefit from this supportive policy. Domestic and international investor interest in the crypto market is rising, which could lead to increased capital inflow and accelerate market recovery. With more startups receiving support, the development of the entire crypto ecosystem is set to become more dynamic.
Investment Advice
For investors looking to engage with emerging crypto projects, now is an excellent opportunity. Pepenode's presale price is $0.0010533, and early investors can enjoy a staking APY of 1400%. As the presale progresses, prices are expected to continue rising.If you want to join this promising project, you can register through Binance registration link or enter the invitation code YAOQING88888 to enjoy exclusive benefits, including a 20% fee rebate and a $100 coupon.