According to BlockBeats, on October 10, The Block reported that South Korea’s top financial regulator said it would re-evaluate the lifting of the existing ban on local spot cryptocurrency exchange-traded funds (ETFs) and institutional accounts of crypto exchanges.

South Korea’s Financial Services Commission (FSC) said in its annual audit report on Thursday that its newly formed Cryptocurrency Committee, an advisory panel that discusses digital asset policies, will review the current ban.

This indicates a shift in regulators’ strict opposition to exposure to digital assets in traditional financial markets.