The chairman of the Korea Exchange (KRX), Zheng Eun-Bo, has expressed interest in launching a cryptocurrency-based ETF this year to meet global demand for such products. At the opening ceremony of the securities and derivatives market on January 2, Eun-Bo Jeong emphasized the importance of innovative financial products for revitalizing the Korean capital market. Last year, the Financial Services Commission (FSS) of Korea banned asset management companies from offering ETFs linked to cryptocurrency-related firms like Coinbase. However, due to regulatory hurdles, the potential for crypto ETFs remains uncertain. CryptoQuant CEO Ki Young Ju has expressed concerns about Korea's readiness to approve such products. Ki Young Ju compared Korea's cautious regulatory stance to that of the U.S. SEC, which has resisted crypto ETFs, delaying their launch for over a decade until 2024. (Cryptoslate)

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