South Korea's top office urges FSC to review stance on spot Bitcoin ETFs
THE Desk of THE President of THE Republic of Korea exhorted THE Financial Services Commission has reconsider It is anti-ETF position following SECOND approval In THE United States.
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Just A week After South Korea Financial Services Commission (FSC) warned against trade THE Based in the United States place Bitcoin (BTC) exchange traded funds (AND F), THE Presidential Desk East NOW exhorting THE regulator has reconsider It is position.
On Jan. 18, THE Desk of THE President of THE Republic of Korea — Also referred has as THE Yongsan Presidential Desk — request THE FSC has refrain Since having A 'TO DO' Or 'not' directive For ETFs, according to has A local report Since Maekyung. In rough translation, Tae-yoon Sung, head of THE policy desk of THE presidential desk, said:
"We are trying has TO DO appropriate changes has THE legal system of OUR country, Or has consider if What arrived abroad can be accepted In OUR country. »
Look beyond THE risks partner with trade ETFs assets, South Korea East assess other low risk aspects of THE offer, said Sung.
THE FSC East A main financial regulator In South Korea, which issued A Short press release on Jan. 12 that suggested domestic securities companies trade Or brokerage listed abroad place Bitcoin AND F "can violate" THE Capital Markets Act — who's looking financial innovation And fair competition In South Korea capital markets.
However, THE statement Also note that THE regulatory diet For crypto In THE country East always In It is established steps And would be goodbye THE regulations as things develop abroad.
Related:
THE Desk of THE President of THE Republic of Korea exhorted THE Financial Services Commission has reconsider It is anti-ETF position following SECOND approval In THE United States.
News
Join
We
on
social
networks
Just A week After South Korea Financial Services Commission (FSC) warned against trade THE Based in the United States place Bitcoin (BTC) exchange traded funds (AND F), THE Presidential Desk East NOW exhorting THE regulator has reconsider It is position.
On Jan. 18, THE Desk of THE President of THE Republic of Korea — Also referred has as THE Yongsan Presidential Desk — request THE FSC has refrain Since having A 'TO DO' Or 'not' directive For ETFs, according to has A local report Since Maekyung. In rough translation, Tae-yoon Sung, head of THE policy desk of THE presidential desk, said:
"We are trying has TO DO appropriate changes has THE legal system of OUR country, Or has consider if What arrived abroad can be accepted In OUR country. »
Look beyond THE risks partner with trade ETFs assets, South Korea East assess other low risk aspects of THE offer, said Sung.
THE FSC East A main financial regulator In South Korea, which issued A Short press release on Jan. 12 that suggested domestic securities companies trade Or brokerage listed abroad place Bitcoin AND F "can violate" THE Capital Markets Act — who's looking financial innovation And fair competition In South Korea capital markets.
However, THE statement Also note that THE regulatory diet For crypto In THE country East always In It is established steps And would be goodbye THE regulations as things develop abroad.
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