When the SEC approved its spot Bitcoin ETF, South Korea's securities regulator warned local firms against brokering spot Bitcoin ETFs from the U.S.
South Korea’s Financial Supervisory Service (FSS), the chief financial oversight regulator in the country, is planning to tap the United States Securities and Exchange Commission (SEC) for insights into spot Bitcoin exchange-traded funds (ETFs).
The FSS is South Korea’s integrated financial regulator that examines and supervises financial institutions under the broad oversight of the Financial Services Commission.
FSS chief Lee Bok-Hyun presented a business plan for 2024 at the Financial Supervisory Service in Seoul on Feb. 5. The business plan includes visits to major advanced financial markets, such as New York, in the second quarter to discuss various aspects of the South Korean financial markets, including discussions on spot Bitcoin ETF, according to a report.
