South Korea's Financial Services Commission: Will adhere to the regulations restricting financial institutions from issuing cryptocurrency ETFs, unaffected by the U.S. SEC

ChainCatcher news, the South Korean Financial Services Commission reiterated its commitment to restricting financial institutions from issuing cryptocurrency ETFs, stating that the stability of the financial market and investor protection are the reasons for maintaining the current restrictions. Currently, South Korea's Capital Markets Act limits the underlying assets of investment contract securities such as ETFs to financial investment instruments, currencies, and ordinary goods, but does not include cryptocurrencies.