Bitcoin ETF Ban: South Korean Authorities Crack Down On Spot And Futures

Quick Summary:

The Financial Supervisory Service of South Korea (FSS) has once again reaffirmed its prohibition on Bitcoin spot as well as futures Exchange Traded Funds (ETFs) which has drawn criticism from industry participants and legal practitioners.

Other markets are growing while South Korea’s rules get stricter.

Nasdaq’s recent start of trade options on BlackRock’s iShares Bitcoin Trust ETF shows that cryptocurrencies are becoming more accepted in the financial world.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: HungaryNorth KoreaSouth Korea

Topics: Crypto Ethereum Btcusd Crypto News Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 22:00:19 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 549 words

Reading Time: 4 minutes read

Sentences: 35 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23748079

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 13 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #105

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