South Korea Tells Firms to Cut Exposure to Crypto ETFs, Coinbase and Strategy: Report

Description

South Korea's finance regulator has informally warned local asset managers to reduce their exposure to crypto exchange-traded funds (ETF) and U.S.-listed digital asset firms, according to a report by the Korean Herald . The Financial Supervisory Service (FSS) verbally told several firms to limit their exposure to Coinbase (COIN) and Michael Saylor's Strategy (MSTR), to comply with its 2017 policy stance. The report seems to suggest a change in policy by the country as it was previously reported ...