South Korea has reconfirmed its ban on crypto ETFs despite the US approval. The ban aims to prevent speculative cash from flowing into US spot Bitcoin ETFs. Samsung Securities and Mirae Asset have suspended foreign spot bitcoin ETFs following a regulatory warning. South Korea's financial regulator has warned that brokering US spot Bitcoin ETFs locally may be illegal, citing violations of the existing government stance on virtual assets and the Capital Markets Act. The ban has led to a sink in South Korea's crypto stocks.
Recently-listed bitcoin ETFs might violate South Korean law, its financial regulator said. https://t.co/jiDUXk5ziv
NEW: Securities companies brokering overseas-listed #Bitcoin spot ETFs may violate existing government stance on virtual assets and the Capital Markets Act, says 🇰🇷 South Korea Financial Services Commission https://t.co/b3VJrjoQgx
South Korea's financial regulator has declared that domestic securities firms are barred from offering spot Bitcoin exchange-traded funds (ETFs) in international markets https://t.co/pG3LX516sH
South Korean regulator warns brokering US bitcoin ETFs locally may be illegal https://t.co/0kBp6Inf1o https://t.co/Xmn1bUA4MW
⚠️ JUST IN: *SOUTH KOREA CRYPTO STOCKS SINK AS NATION BANS BITCOIN-SPOT ETF TRADING: BBG #BTC #BITCOIN 🇰🇷🇰🇷 https://t.co/UJdzQ9tTll
📣 Latest News: South Korea Will Not Consider Lifting Crypto ETF Ban Despite U.S. Approval #news #cryptonews #crypto
🛑 South Korean Financial Services Commission (FSC) said in a statement: **"For domestic securities firms, any brokering of overseas-listed Bitcoin spot Exchange Traded Funds may violate the existing government stance on virtual assets and the Capital Markets Act," https://t.co/lltW0jrxGO
⚠️ SOUTH KOREAN REGULATOR WARNS BROKERING US BITCOIN ETFS LOCALLY MAY BE ILLEGAL (Reuters) South Korea's financial regulator on Friday said brokering U.S. spot bitcoin exchange-traded funds (ETFs) may be illegal in local markets, in an official response to the U.S. Securities… https://t.co/9VL6onFWdR
South Korea’s Warning on US Bitcoin ETFs Hits Stocks https://t.co/mk9rGng5cW
Recently-listed bitcoin ETFs might violate South Korean law, its financial regulator said. @thesamreynolds reports. https://t.co/cxq0U8YiZB
South Korea’s Samsung Securities, Mirae Asset suspend foreign spot bitcoin ETFs amid regulatory warning https://t.co/XK5IN14N8v
South Korea seeks to choke off a potential flood of speculative cash heading to US spot Bitcoin ETFs, stoking confusion and hitting a slew of stocks https://t.co/3hODIWDekC
Amidst Country's #Bitcoin Premium Surge, South Korea Maintains Crypto ETF Ban https://t.co/FntnB7PArM
South Korea Upholds Crypto ETF Ban Amid Country's Rising #Bitcoin Premiums https://t.co/FntnB7PArM
ICYMI: South Korea reiterates ban on crypto ETFs despite US approval: report https://t.co/lXKexjQvLf