While the SEC's approval of spot Bitcoin ETFs is seen as a turning point for BTC and cryptocurrencies, some countries continue to ban ETFs.
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At this point, a new move came from the South Korean government, which stated that they will continue the ETF ban.
Lee Bok-hyun, head of South Korea's Financial Supervisory Service (FSS), plans to meet with US Securities and Exchange Commission (SEC) Chairman Gary Gensler to discuss important issues including digital assets and spot Bitcoin ETF approval, local news agency Hankyung reported. .
FSS official made the following statement on the subject:
“We think the SEC's policy regarding spot Bitcoin ETF approval will have a major impact on the world.
That's why the planned meeting with the SEC chairman will be important.”
The FSS official also added that chairman Lee Bok-hyun will visit leading advanced financial institutions outside the SEC.
As you may remember, the South Korean Financial Services Commission (FSC), the South Korean financial regulator, issued a new statement after the SEC's ETF approval and announced that spot Bitcoin ETFs approved in the USA may violate Korean laws.
*This is not investment advice.