US Ethereum ETF Approval Puts Pressure on South Korean Regulators

Odaily Odaily News: Following the recent approval of the Ethereum ETF 19b-4 application by the U.S. Securities and Exchange Commission (SEC), South Korean regulators are facing increasing pressure to approve cryptocurrency ETFs. Xangle, a leading digital currency data provider based in Seoul, opposes the ban on digital assets in the traditional securities market, calling it "outdated" and in need of revisions to accommodate the growing importance of digital assets in modern finance. Compared to their U.S. counterparts, South Korea's Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) have been cautious about introducing crypto asset trading into the traditional securities market. (Cointelegraph)