Coindesk
4 months agoSouth Korean Financial Regulator Says U.S. Bitcoin ETFs May Violate Local Law
South Korea's financial regulator, the FSC, has stated that recently-listed U.S. bitcoin ETFs may violate Korean law.
The FSC points out that domestic brokerage of a U.S.-listed bitcoin spot ETF by Korean securities firms could potentially conflict with Korean regulations.
The FSC's notice suggests that further review is pending and that SEC Chair Gary Gensler will meet his Korean counterpart this month in Washington, DC. [ more ]