South Korea is edging closer to a bitcoin ETF decision. The Korea Financial Supervisory Authority has reviewed Japan's Financial Services Agency's legislative trends on digital assets and shared them with relevant domestic agencies. Japan had previously been cautious about digital assets, but is now considering positioning cryptocurrencies as financial products and may lift its ban on crypto ETFs.
Kim So-young, vice chairperson of South Korea's Financial Services Commission, said it will "carefully review" spot bitcoin ETFs. Notably, more than 30% of South Korea's citizens invest in crypto assets, and despite political turmoil, the government is pushing ahead with crypto regulation, including allowing charities and universities to sell cryptocurrency donations starting in the second half of 2025.
South Korea's bitcoin ETF decision has entered a critical stage, taking Japan as a reference
2025-03-05 23:46:36
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