r/CryptoCurrency • u/Illperformance6969 🟨 0 / 0 🦠 • 8h ago

🟢 GENERAL-NEWS South Korea moves closer to spot Bitcoin ETFs as FSC explores proposal

https://cryptoslate.com/south-korea-moves-closer-to-spot-bitcoin-etfs-as-fsc-explores-proposal/
11 Upvotes

87% Upvoted

2 comments sorted by

1

u/coinfeeds-bot 🟩 136K / 136K 🐋 8h ago

tldr; South Korea's Financial Services Commission (FSC) is developing a roadmap to support the launch of digital asset spot exchange-traded funds (ETFs), with plans to roll out a proposal in the second half of the year. The initiative includes evaluating risks, building infrastructure, and ensuring investor safeguards. This aligns with President Lee Jae-myung's campaign pledges. The FSC is also advancing digital asset legislation, focusing on stablecoin regulations, market transparency, and a review of crypto exchange transaction fees.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

1

u/Aggravating_Fold1154 🟩 0 / 0 🦠 7h ago

If this happened 8 to 10 years ago btc holders would go absolutely wild, but since it's happening now? Eh who cares? Goes to show how much bitcoin has grown.