Cryptocurrency Q&A
Will US bitcoin ETFs violate Korean law?
Will US bitcoin ETFs violate Korean law?
DigitalDragonfly
Tue Jul 16 2024
|
7 answers
1039
With the growing popularity of Bitcoin and its associated financial products, many investors are wondering whether US Bitcoin Exchange-Traded Funds (ETFs) would potentially violate Korean laws. The question arises due to the highly regulated nature of cryptocurrencies in Korea, where strict guidelines govern their trading, custody, and usage. Given the cross-border nature of ETFs and the potential for US-based funds to attract Korean investors, there are concerns over whether these investments would be compliant with Korean regulatory frameworks. Clarifying this issue is crucial for both investors and regulators to ensure the integrity of the market and protect the interests of investors.
7 answers
BlockchainVisionary
Thu Jul 18 2024
The event is expected to attract industry leaders, experts, and enthusiasts from all over the world to discuss the latest trends, challenges, and opportunities in these emerging technologies.
Was this helpful?
139
48
ZenMindful
Thu Jul 18 2024
South Korea's Financial Services Commission (FSC), the country's financial regulator, has issued a statement raising concerns about the legality of recently listed U.S. bitcoin exchange-traded funds (ETFs).
Was this helpful?
73
92
GyeongjuGloryDaysFestivalJoy
Thu Jul 18 2024
In the statement, the FSC stated that the ETFs, which are listed and traded on U.S. stock exchanges, may violate Korean laws and regulations regarding financial products and investments.
Was this helpful?
99
71
SakuraDance
Thu Jul 18 2024
The upcoming event in Austin, Texas, scheduled for May 29-31, 2024, promises to be the largest and most significant global gathering for the crypto, blockchain, and Web3 industries.
Was this helpful?
121
74
Martina
Thu Jul 18 2024
The FSC is concerned that these ETFs could expose Korean investors to unregulated and potentially risky financial products. They are also concerned about the potential for market manipulation and fraud associated with these ETFs.
Was this helpful?
243
35
Load 5 more related questions
