South Korea’s Financial Services Commission: Will adhere to regulations restricting financial institutions from issuing crypto ETFs

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MarsBit
01-11
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According to Mars Finance news, the South Korean Financial Services Commission reiterated that it will adhere to regulations restricting financial institutions from issuing crypto ETFs. The stability of the financial market and investor protection are the reasons for maintaining the current restrictions. South Korea's current capital market law limits the scope of underlying assets of investment contract securities such as ETFs to financial investment instruments, currencies and ordinary commodities, but does not include cryptocurrencies.

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