South Korea’s FSS to Discuss Spot Bitcoin ETF with SEC Chairman
The head of South Korea’s Financial Supervisory Service (FSS), Lee Bok-hyun, plans to meet with SEC Chairman Gary Gensler to discuss various crypto matters, including spot Bitcoin ETFs. This comes after the US SEC approved multiple spot Bitcoin ETFs in January. The FSS, which is South Korea’s integrated financial regulator, will visit the US in the second quarter to discuss measures such as the corporate “value-up” program and spot Bitcoin ETFs. The approval of spot Bitcoin ETFs by the SEC is expected to have a significant impact on the world.
Spot Bitcoin ETF Approval in South Korea Under Discussion
The possibility of approving spot Bitcoin ETFs in South Korea has been a topic of discussion for weeks following the US approval. Lee Bok-hyun emphasized the importance of the SEC’s policy on spot Bitcoin ETF approval, stating that it will have a major global impact. South Korean regulators are now considering the potential for spot Bitcoin ETFs and will engage in discussions with their US counterparts to gather insights and explore possibilities.
Hot Take: South Korea Explores Spot Bitcoin ETF Possibilities
South Korea’s Financial Supervisory Service is actively exploring the potential for spot Bitcoin ETFs and plans to discuss this matter with SEC Chairman Gary Gensler. With the US already approving multiple spot Bitcoin ETFs earlier this year, South Korean regulators are eager to gather insights from their US counterparts and consider similar possibilities. The outcome of these discussions could have far-reaching implications for both countries and the global crypto market as a whole. Stay tuned for further updates on this developing story.
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