South Korean Regulator to Review Bitcoin Spot ETF Regulations
The Financial Services Commission (FSC), the principal financial regulator in South Korea, has announced that it will review and update its regulations regarding Bitcoin spot exchange-traded funds (ETFs) in light of recent developments in the United States. On January 10, the U.S. Securities and Exchange Commission (SEC) approved the trading of spot Bitcoin ETFs, which saw a significant trading volume of over $4.5 billion on its first day. This decision has prompted the FSC to examine its stance on Bitcoin ETFs and potentially revise its regulations to keep up with global trends.
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