Official: U.S. SEC’s Bitcoin ETF Verdicts Will Determine South Korea’s Crypto Attitude

South Korea Waits On SEC Rulings

The race for the launch of Bitcoin exchange-traded funds (ETFs) has been an onerous one. Since the first proposal was plopped on the desk of American regulators, hopefuls and investors at large have hoped that a crypto-linked ETF would make it through the hoops. While much of this anticipation has been contained to America, per a report from the Korea Herald, many in South Korea are waiting on such vehicles too.

Citing an unnamed official at the Korea Exchange, the sole securities exchange operator in the Asian powerhouse, the outlet claimed that South Koreans are waiting on a verdict from the U.S. Securities and Exchange Commission (SEC). He/she noted that as America has been a “front-runner” in crypto-backed investment products, becoming the foremost market for regulated futures (CBOE and CME), it will be important to watch what American entities decide to do with the cryptocurrency space, especially in terms of consumer- and institutional-focused funds.

https://ethereumworldnews.com/us-sec-rulings-bitcoin-etfs-determine-south-koreas-crypto-attitude/