South Korea authorities discuss prospects for allowing spot bitcoin ETFs
SEOUL: South Korean authorities are discussing whether to permit sales of situation bitcoin alternate-traded funds (ETFs) in the country, the monetary watchdog chief acknowledged on Tuesday (Mar 5).
“Among authorities, I’m surely one of folks which is likely to be positive about digital resources, whereas there are others who’re wary, and we prefer to listen to their opinions as successfully. We are internally discussing it,” acknowledged Lee Bok-hyun, governor of the Monetary Supervisory Provider.
Iklan
His comments had been made in a radio interview in accordance with a predict about authorities’ views on situation bitcoin ETFs, which is likely to be currently now now not accessible to investors in South Korea.
In January, South Korea’s monetary authorities acknowledged it did now not belief to administer sales of bitcoin futures ETFs. On the other hand, it acknowledged brokerage sales of situation bitcoin ETFs will be in violation of the Capital Markets Act given the predict of whether bitcoin qualifies to be an underlying asset.
Lee acknowledged he expects the final public to love a risk to air their views regarding it after digital resources are introduced below regulatory management in the 2d half of of the year.
Source: Reuters
