South Korea’s New Start Fund Adds Crypto Assets to Debt Relief Review
South Korea’s New Start Fund now includes cryptocurrency assets as part of its debt relief eligibility review, marking a shift in how the country’s financial authorities assess borrowers seeking relief through public debt workout programs. The policy update, outlined by South Korea’s Financial Services Commission (FSC), means that applicants to the New Start Fund will have their digital asset holdings examined alongside traditional financial assets during the screening process. For related coverage, see a16z Crypto Expands into Asia with New Office in Seoul, South Korea.