Bitcoin

Block

Spot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/south-korea-continues-to-block-bitcoin-spot-and-futures-etfs/" data-wpel-link="internal" rel="noopener noreferrer nofollow">South Korea Continues to Block Bitcoin Spot and Futures ETFs</a><br></p>
<p style="text-align: justify">The Financial Supervisory Service (FSS) of South Korea maintains its ban on Bitcoin spot and futures ETFs, enforcing strict regulations against cryptocurrency-related investment products. This persistent stance raises concerns about the country’s potential to lag behind globally in the financial arena.</p>
<h2 id="tightening-of-regulations">Tightening of Regulations</h2>
<p style="text-align: justify">The FSS opposes the launch of ETFs associated with firms exposed to <a href="https://en.coin-turk.com/scroll-defends-its-partnership-with-binance-to-address-community-concerns/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrencies</a>. Asset management companies seeking to capitalize on the rising demand for virtual assets face various challenges.</p>
<p style="text-align: justify">One asset manager stated, “We planned to launch an ETF investing in <a href="https://en.coin-turk.com/bitget-introduces-new-security-and-key-management-feature-what-is-the-mpc-wallet/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Coinbase</a>, but the FSS has not allowed it for now.” They noted that while the ETF is designed and awaiting approval, regulatory issues hinder its launch.</p>
<h2 id="international-markets-and-comparisons">International Markets and Comparisons</h2>
<p style="text-align: justify">The FSS’s refusal to approve cryptocurrency-related funds heightens concerns that South Korea may fall behind in the global financial landscape. In contrast, Bitcoin ETFs are being approved and launched in the U.S.</p>
<blockquote>
 <p style="text-align: justify">“The investment restriction on listed companies like Coinbase exceeds the jurisdiction of the Capital Markets Law.” – Asset Manager</p>
</blockquote>
<p style="text-align: justify">In the U.S., Nasdaq has initiated options trading for BlackRock’s iShares Bitcoin Trust ETF, presenting new investment opportunities. Critics argue that the FSS’s approach fails to provide adequate investor protection, with legal experts emphasizing that current regulations are ineffective and overly broad.</p>
<p style="text-align: justify">The FSS’s stance on <a href="https://en.coin-turk.com/tether-proposes-digital-token-use-in-turkeys-bor-trade/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> products raises fears that the country might miss out on advancements in digital finance. Globally, cryptocurrency ETFs are gaining increasing acceptance and indicating significant growth potential.</p>
<p>The post <a href="https://en.coin-turk.com/south-korea-continues-to-block-bitcoin-spot-and-futures-etfs/" data-wpel-link="internal" rel="noopener noreferrer nofollow">South Korea Continues to Block Bitcoin Spot and Futures ETFs</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

South Korea Continues to Block Bitcoin Spot and Futures ETFs

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