Several leading securities firms in South Korea have suspended their services for spot Bitcoin ETFs abroad.
The country’s regulatory authority, the Financial Services Commission (FSC), “Domestic securities firms providing brokerage services for spot Bitcoin ETFs listed abroad may violate the government’s current stance on virtual asset and capital markets laws.” he warned.
According to local news sources, it is affiliated with Samsung Group and assets of approximately $220 billion Samsung Securities, which manages the company, was among the names that stopped its services.
Mirae, which manages approximately $215 billion in assets, also made a similar decision and suspended its services.
According to the statement made by Mirae, the company Because of FSC’s warning decided to stop new transactions with foreign-based spot Bitcoin ETFs on its platform.
Even though companies halted transactions on foreign spot Bitcoin ETFs, FSC warns Regarding futures Bitcoin ETFs It continues these operations because no expression is used.