South Korea’s Financial Supervisory Service Limits Coinbase Exposure in ETFs Amid Regulatory Crackdown
Main Idea
South Korea's Financial Supervisory Service (FSS) has directed local asset management firms to adjust their ETFs to comply with 2017 guidelines restricting investments in US-listed ETFs with crypto exposure, reflecting the country's cautious stance on institutional crypto investments.
Key Points
1. The FSS mandated local asset management firms to recalibrate their ETFs on July 23.
2. This action aligns with the FSC's 2017 guidelines limiting investments in US-listed ETFs with crypto exposure.
3. An FSS spokesperson stated that the regulatory stance remains unchanged despite evolving regulations in the US and other regions.
4. The move highlights South Korea's cautious approach to managing institutional crypto investment risks.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! On July 23,
Latest News
- Vanadi Coffee Increases Bitcoin Reserves to 76 BTC Amid Financial Challenges2025-07-23 12:50:16
- Ethereum Stablecoin Supply Hits Record $140 Billion in July 2024, Nearly Doubling Since January2025-07-23 12:49:54
- Bitcoin Adoption Could Be Driven by AI and Payments, Survey Suggests for 20252025-07-23 12:38:21
- FBI Investigation Into Kraken Founder Jesse Powell Closes Without Charges, Focus Shifts to Civil Litigation2025-07-23 12:37:34
- Ethereum Surge Fueled by ETFs and Corporate Investments Amid Supply-Demand Imbalance2025-07-23 12:36:22