Korean media: Due to regulatory delays, South Korea's plan to allow spot cryptocurrency ETF trading within the year has basically fallen through
Jinse Finance reported, citing Korean media naver, that due to delays in the revision of South Korea's Capital Markets Act, the country's plan to allow spot cryptocurrency ETF trading within the year has basically fallen through. Currently, there are four pending amendments related to the approval of spot cryptocurrency ETFs, but some analysts point out that, as a result of the institutional restructuring of the Financial Services Commission and the Financial Supervisory Service, as well as government measures to stimulate the stock market consuming a large amount of policy resources, the institutionalization process of crypto assets may have been relegated to a secondary position.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Scandinavian Medical Solutions sells GE CT scanner to US customer for DKK 2 million-plus
Incon shifts KRW 15 billion convertible bond subscription, payment date to Oct. 23
EnChem major shareholder Wyatt Group cuts stake to 3.62% from 5.2%
Major progress made in the US-South Korea $350 billions investment agreement; the first project targets a $22.3 billions gas power plant in Texas
The long-standing investment agreement between the United States and South Korea has made "significant progress."
Crypto prices
More
