SEC in the USA in January spot Bitcoin ETF’their, last week spot Ethereum ETF’His approval affected the whole world.
At this point, ETH ETF approval has increased the pressure on financial regulators in South Korea to approve similar cryptocurrency ETFs.
local news agency The US approval of ETFs has increased cryptocurrency pressure on regulators the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS), Korea Times reported.
However, while the FSC and FSS abstained from approving BTC and ETF ETFs, the FSC, citing the Capital Markets Law, said that ETFs are only for real financial assets or securities.
Founder of Seoul-based digital currency data and information provider Xangle “Under these circumstances, the SEC’s decision on Ethereum on Thursday is expected to pressure Seoul’s financial regulators to reconsider their regulations on digital assets.” said.
Jung Eui-jung, president of the Korea Shareholders Alliance, said that following the US path of ETF approval and approving ETFs for Bitcoin-Ether is critical to ensuring that both traditional finance and digital asset investors do not leave Korea.
“After approvals, it will only be a matter of time before the US fully opens the door to ETFs and Korea approves ETFs for at least Bitcoin and Ethereum.”
*This is not investment advice.
For exclusive news, analysis and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price monitoring now by downloading our applications!