South Korea Financial Services Commission announcements or major financial news outlets

South Korea's 15-Member Virtual Assets Committee to Discuss Bitcoin and Ethereum ETF Approvals This Month

Oct 14, 2024, 04:01 AM

South Korea is poised to accelerate the approval process for Bitcoin and Ethereum exchange-traded funds (ETFs) with the establishment of a new regulatory body, the Virtual Assets Committee. This committee is expected to hold its inaugural meeting this month to discuss critical topics including the approval of virtual asset spot ETFs and corporate investments in virtual assets. The formation of this 15-member committee marks a significant step in advancing discussions that have been long-delayed in the country’s cryptocurrency market. Major stakeholders in the industry are anticipating that this development will lead to a more favorable regulatory environment for digital assets.