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<ul class="wp-block-list news-points">
 <li><strong>South Korea bans Bitcoin ETFs, citing investor protection, sparking regulatory criticism.</strong></li>
 <li><strong>Global crypto ETF adoption rises as South Korea enforces stricter investment rules.</strong></li>
 <li><strong>Restrictive policies may hinder South Korea’s role in the evolving digital asset market.</strong></li>
</ul>
<p>South Korea has kept its crypto regulations in check yet again when it banned Bitcoin spot and futures ETFs thereby blocking funds that invest in virtual asset companies like Coinbase.</p>
<p>According to<a href="https://x.com/ki_young_ju/status/1859225938673963219" target="_blank" rel="noopener noreferrer nofollow"> Ki Young Ju</a>, Founder &amp; CEO of CryptoQuant, these restrictions aim to protect investors, but critics argue they are excessive and hinder the nation’s alignment with global trends in digital asset regulation.</p>
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<h2 class="wp-block-heading" id="h-ban-extends-beyond-bitcoin-to-virtual-asset-companies"><strong>Ban Extends Beyond Bitcoin to Virtual Asset Companies</strong></h2>
<p>The Financial Supervisory Service (FSS) <a href="https://www.hankyung.com/article/2024112037775" target="_blank" rel="noopener noreferrer nofollow">recently confirmed</a> the rejection of ETFs targeting companies with virtual asset-based business models. Asset management firms had planned to introduce ETFs focusing on businesses like Coinbase, a leading cryptocurrency exchange.&nbsp;</p>
<p>Despite being ready for immediate launch, these funds failed to gain approval. As a result, many domestic asset managers paused plans to submit similar ETF applications, c…</p>
<p>The post <a href="https://coinedition.com/south-korea-bans-bitcoin-etfs-restricts-crypto-related-funds/" rel="noopener noreferrer nofollow">South Korea Bans Bitcoin ETFs, Restricts Crypto-Related Funds</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

South Korea Bans Bitcoin ETFs, Restricts Crypto-Related Funds

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