South Korea's Financial Services Commission (FSC), the nation's financial regulator, said in a statement that recently-listed U.S. bitcoin ETFs may violate Korean law.
The regulator says that domestic brokerage of a U.S.-listed bitcoin spot ETF by Korean securities firms may potentially conflict with the country's Virtual Asset User Protection Act and the Capital Markets Act without elaborating.
#south-korea #financial-services-commission #bitcoin-etfs #regulation #virtual-asset-user-protection-act #capital-markets-act #sec #gary-gensler
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