South Korean researcher Bo-mi Lee highlights crypto volatility and risks, calling for more research and regulatory measures.
A finance and economics-focused think tank in South Korea argued against the East Asian nation approving spot crypto exchange-traded funds (ETFs).
Korea Institute of Finance researcher Bo-mi Lee argued in a paper that spot Bitcoin (BTC) and Ether (ETH) ETF results in various jurisdictions across the globe demonstrate that the losses outweigh the benefits.
The researcher argued that introducing spot crypto ETFs in the country could harm its financial stability. According to the paper, when the spot ETFs are approved — and digital asset prices rise — a significant amount of capital will flow into the crypto market.
