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South Korea Cracks Down: Firms Ordered to Slash Crypto ETF, Coinbase & Strategy Exposure
South Korea Cracks Down: Firms Ordered to Slash Crypto ETF, Coinbase & Strategy Exposure
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Regulators draw a hard line—just as markets heat up again.
South Korea’s financial watchdogs dropped the hammer today, demanding local firms reduce holdings in crypto-linked ETFs, Coinbase shares, and speculative strategies. No gentle "guidance" here—this is a directive with teeth.
The move comes amid global debate over crypto’s role in institutional portfolios. While some see diversification, Seoul sees unnecessary risk. One regulator quipped (off the record): "Gambling with client funds should stay in casinos."
Expect fallout—but also watch for creative workarounds. Finance always finds a way.
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