in the USA spot Bitcoin ETFWhile the approval of the ‘s made a big impact all over the world, it also mobilized the South Korean government.
According to local news agency Dailian, the country’s financial regulator South Korea’s Financial Services Commission (FSC) has issued a new statement saying spot Bitcoin ETFs approved in the US may violate Korean law.
The FSC noted possible violations and concerns by domestic securities firms in intermediating Spot Bitcoin ETFs listed abroad.
“The underwriting of foreign-listed Bitcoin spot ETFs by domestic securities firms may violate existing government positions on virtual assets and capital markets laws.”
While the FSC issued this warning, among them Mirae Asset Securities and Samsung SecuritiesSouth Korean securities giants, including , took swift action from the FSC on January 12 and issued spot shares listed in Canada and Germany. Bitcoin It suspended brokerage services for its ETFs.
The news also states that securities firms that are not on the FSC’s warning list BTC It said it continues to trade futures ETFs.
Speaking to The Block, a spokesperson for Mirae Asset Securities stated that FSC’s announcement was the main reason for the decision to suspend “Stopping Bitcoin futures ETFs was not discussed” said.
*This is not investment advice.
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