The Financial Services Commission of South Korea plans to establish a virtual asset committee this month and hold its first meeting

ChainCatcher news, a new South Korean regulatory body will be established this month, with the decision on Bitcoin ETF approvals as a key focus of its agenda. The agency is temporarily named the Virtual Assets Committee and may hold its first meeting "as early as this month."

The agency will operate under the jurisdiction of the Financial Services Commission (FSC) of South Korea. Analysts say its establishment will help "accelerate discussions on issues such as the approval of Bitcoin and Ethereum spot ETFs." Industry insiders revealed that the committee will also discuss the issue of "allowing corporate investments in virtual assets."