Korean regulators are under pressure after US and Hong Kong regulators approved ETFs for Bitcoin and Ethereum, sparking debate over the role of cryptocurrencies in finance. 📉

A spokesperson for Xangle, a Seoul-based crypto data provider, criticizes Korea's current approach as "outdated" and suggests the latest moves in the US are likely to increase pressure on Korean regulators.

Jung Ei-jung, head of the Korea Shareholder Alliance, stresses the importance of following the US lead by endorsing ETFs for Bitcoin and Ethereum.

“Who would want to invest their money in a market that is lagging behind the rapidly changing regulatory landscape?” - says Jung.