United

Bitcoin ETF

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/south-korea-prohibits-bitcoin-etf-launches" data-wpel-link="internal" rel="noopener noreferrer nofollow">South Korea Prohibits Bitcoin ETF Launches</a><br></p>
<p style="text-align: justify">The Financial Supervisory Service (FSS) of South Korea has reiterated its prohibition on <a href="https://en.bitcoinhaber.net/bitcoins-bull-run-on-the-horizon-insights-from-mn-tradings-founder" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> spot and futures ETFs, signaling a stringent regulatory environment for cryptocurrency investments. This ongoing blockade raises alarms regarding the nation’s capacity to remain competitive within the global financial sector.</p>
<h2 id="why-are-regulations-tightening">Why Are Regulations Tightening?</h2>
<p style="text-align: justify">The FSS continues to reject proposals for ETFs linked to cryptocurrency-related companies. This stance places significant hurdles for asset management firms eager to tap into the growing appetite for digital assets.</p>
<p style="text-align: justify">An asset manager shared, “We aimed to introduce an ETF focused on Coinbase, but the FSS has yet to grant approval.” These firms are prepared with product designs but are stalled by regulatory complexities.</p>
<h2 id="how-does-south-korea-compare-to-global-markets">How Does South Korea Compare to Global Markets?</h2>
<p style="text-align: justify">The refusal of the FSS to authorize cryptocurrency ETFs raises apprehensions about South Korea’s potential decline in the international financial marketplace. In the United States, Bitcoin ETFs are being approved and are actively trading.</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 begun options trading for BlackRock’s iShares Bitcoin Trust ETF, creating fresh investment avenues. Critics contend that South Korea’s regulatory framework does not sufficiently protect investors, with legal experts pointing out the inadequacies and excessive breadth of existing rules.</p>
<p style="text-align: justify">Concerns linger that South Korea’s rigid stance on cryptocurrency may prevent it from benefiting from emerging trends in digital finance. Globally, cryptocurrency ETFs are increasingly accepted, showcasing considerable growth potential.</p>
<ul>
 <li>South Korea’s FSS remains firm on its ban of Bitcoin ETFs.</li>
 <li>Asset management firms face significant obstacles in launching cryptocurrency products.</li>
 <li>International markets, particularly the U.S., are moving forward with Bitcoin ETFs.</li>
 <li>Criticism is mounting regarding the effectiveness of South Korea’s regulatory framework.</li>
</ul>
<p style="text-align: justify">The persistent restrictions could limit South Korea’s participation in a rapidly evolving financial landscape, risking its status as a player in the global digital asset arena.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/south-korea-prohibits-bitcoin-etf-launches" data-wpel-link="internal" rel="noopener noreferrer nofollow">South Korea Prohibits Bitcoin ETF Launches</a></h5>

South Korea Prohibits Bitcoin ETF Launches

Table of Contents

BH NEWS

Other articles published on Nov 21, 2024

Stripe Teams Up with Aptos To Integrate Circle’s USDC On its Mainnet

Bitwise to Launch First-Ever Aptos Staking ETP on SIX Swiss Exchange

Bitcoin’s Soaring Price, Pro-Crypto Election Wins, and a Promising Future: Key Highlights from To...

Bitcoin Price Nears $100,000, but Can the Rally Sustain?

Bitcoin Surges Past $98K, $100K Within Reach, Fueled by ETF Inflows and Demand

Why is Bitcoin Price Going Up Today?

Join our free newsletter for daily crypto updates!