The approval of U.S. Ethereum spot ETF puts pressure on South Korean regulators
After the U.S. Securities and Exchange Commission (SEC) approved Ethereum spot ETF, South Korean regulators are facing pressure from the market to approve cryptocurrency exchange-traded funds (ETFs). The decision is expected to force Seoul's financial regulators to re-examine their position on digital assets. South Korea's Financial Services Commission (FSC) and the Financial Supervisory Services Authority (FSS) have been cautious in introducing crypto asset trading into the traditional securities market.
