The South Korean Presidential Office is calling for a reconsideration of the country’s stance on spot Bitcoin ETFs.
The local regulator, the Financial Services Commission, last week in foreign stock exchanges servicing traded spot Bitcoin ETFs is subject to capital markets laws in Korea. may be contrary He warned about.
Following this statement, many securities companies in the country decided to stop transactions with spot Bitcoin ETFs.
Office of the President, regulatory body with spot Bitcoin exchange traded funds He wants this opinion to be re-evaluated.
According to local news sources, the President’s Office has notified the Financial Services Commission on this matter. No final decision has to be made yet He gave a message that:
After the USA approved spot Bitcoin ETF applications, South Korea said that it would not change its ban decision and that it could be contrary.