South Korean Financial Authority Director Plans Talks on Spot Bitcoin ETFs with US SEC Chair
Head of the Financial Supervisory Service, Lee Bok-hyun, is scheduled to visit the United States later this year to engage in discussions with U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler. The meeting will focus on various aspects of the crypto industry, particularly the Bitcoin spot ETF.
Director Lee’s Business Plan for 2024
During the announcement of his business plan for 2024, Director Lee expressed his intention to visit major advanced financial markets, including New York, USA, in the second quarter. The purpose of these visits is to discuss measures such as the Korea discount, Bitcoin spot ETF, and corporate value-up program.
Meeting with SEC Chairman Gensler
In a subsequent Q&A session with reporters, Director Lee confirmed the planned meeting with SEC Chairman Gensler. He emphasized that they will be focusing on issues related to virtual asset concerns and Bitcoin spot ETF. Director Lee also highlighted the global significance of SEC policy decisions and their impact on the world.
Bitcoin ETFs Gain Momentum in Asia Post US Approval
Following the historic approval of the first Bitcoin spot price exchange-traded funds in the United States, Asian industry leaders are actively exploring similar crypto products. In Hong Kong, over a dozen fund providers are currently in discussions with Hong Kong’s Securities and Futures Commission (SFC) to launch a local Bitcoin spot ETF.
Hot Take: South Korean Financial Authority Pushes for Collaboration on Bitcoin ETFs
The visit of South Korean Financial Supervisory Service Director Lee Bok-hyun to meet with SEC Chairman Gary Gensler highlights the growing interest in Bitcoin spot ETFs. As Asian industry leaders explore the possibility of launching their own ETFs, collaboration and discussions with regulatory authorities like the SEC are crucial for the development of the crypto industry. The approval of Bitcoin ETFs in the United States has sparked momentum in Asia, with countries like Hong Kong actively exploring similar products. This global interest in Bitcoin ETFs signifies the increasing recognition and adoption of cryptocurrencies as legitimate investment assets.
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