For venture capitalists or government funders looking to back such entrepreneurs, the minimum investment in startups within a five-year period will increase from $633,952 to $746,571.
This change effectively acknowledges that smaller transactions, previously subject to the same level of scrutiny as larger ones, were overburdening both regulators and investors.
For local tech talent and those who saw crypto as a hedge against inflation or a tool for financial inclusion, the message is clear: innovate elsewhere.
