🚀 South Korea's finance think tank, Korea Institute of Finance, is having cold feet about spot crypto ETFs. Researcher Bo-mi Lee believes that the cons outweigh the pros, citing potential harm to financial stability and resource allocation inefficiencies. Lee also highlighted the high volatility of digital assets and the need for regulatory measures to mitigate risks. Meanwhile, the country's financial regulator is tightening its grip on crypto assets, requiring exchanges to evaluate token listings from July 19. Non-compliance could lead to fines or even jail time. So, hodlers, tread carefully! 🧐