2024

Bitcoin

Spot

<ul class="news-points wp-block-list">
 <li><strong>FSC to review Bitcoin spot ETFs, signaling a shift in South Korea’s crypto stance.</strong></li>
 <li><strong>Corporate crypto accounts may be allowed, boosting market participation and security.</strong></li>
 <li><strong>New regulations aim to reduce Kimchi premium, attracting arbitrage funds to Korea.</strong></li>
</ul>
<p>The Financial Services Commission (FSC) in South Korea will take important steps to shape the country’s cryptocurrency landscape. According to Cryptoquant Founder Ki Young Ju, this includes discussions about allowing Bitcoin spot exchange-traded funds (ETFs) and letting companies open accounts for crypto exchanges.</p>
<p>These moves, spearheaded by the <a href="https://coinedition.com/crypto-now-safer-in-south-korea-thanks-to-this-new-foundation/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">FSC</a>, could create big opportunities for the virtual asset market in Korea, and could signal a potential shift in how digital assets are regulated.</p>
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   <p lang="en" dir="ltr">The Korean SEC (금융위원회) has formed a virtual asset committee to discuss the approval of <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> spot ETFs and the allowance of corporate accounts for crypto exchanges.<br><br>This is bullish and will mitigate the Kimchi premium as arb funds and MMs enter the Korean market. <a href="https://t.co/Mjq2xX5AVg" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/Mjq2xX5AVg</a></p>— Ki Young Ju (@ki_young_ju) <a href="https://twitter.com/ki_young_ju/status/1844324347886043409?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 10, 2024</a>
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<h2 class="wp-block-heading" id="h-reducing-the-kimchi-premium-and-improving-crypto-market-access"><strong>Reducing the Kimchi Premium and Improving Crypto Market Access</strong></h2>
<p>The F…</p>
<p>The post <a href="https://coinedition.com/south-korea-may-soon-allow-bitcoin-spot-etfs/" rel="noopener noreferrer nofollow">South Korea May Soon Allow Bitcoin Spot ETFs</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

South Korea May Soon Allow Bitcoin Spot ETFs

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