South Korea Authorities Block Bitcoin Spot and Futures ETFs, Here’s Why

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South Korea Authorities Block Bitcoin Spot and Futures ETFs, Here’s Why - CoinGape

Quick Summary:

Bitcoin spot and futures ETFs remain blocked in South Korea, with financial authorities maintaining strict regulatory controls over cryptocurrency-related investment products.

In a move that has raised eyebrows, the Financial Supervisory Service (FSS) has also barred the launch of ETFs that invest in companies tied to virtual assets, including major global firms such as Coinbase.

Financial analysts believe these developments reflect a maturing global market for Bitcoin and related financial products.