The ruling on the approval of a bitcoin ETF is high on the agenda of a new South Korean regulator set to be established this month, tentatively named the Virtual Assets Committee, which could hold its first meeting "as early as this month."
The agency, which will operate under the jurisdiction of South Korea's Financial Services Commission (FSC), will help "expedite discussions on issues such as approval of Bitcoin and Ethereum spot ETFs," according to the analysis.
The committee will also discuss "allowing companies to invest in virtual assets", according to industry sources.
South Korea's Financial Services Commission plans to establish a virtual asset committee this month and hold its first meeting
2024-10-14 01:50:34
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