South Korea considers allowing Bitcoin ETF trading on approved exchanges

According to PANews, South Korean authorities are discussing the possibility of allowing Bitcoin exchange-traded funds (ETFs) to be traded on approved cryptocurrency exchanges in the country. The head of South Korea's Financial Supervisory Service, Lee Fook-hyun, stated that he is one of the people with a positive attitude towards virtual assets, while others are more cautious and their opinions should also be considered.

The possible move to allow Bitcoin ETF trading on approved exchanges in South Korea could signal a change in the country's regulatory stance towards cryptocurrencies. However, it is important to note that discussions are still ongoing and a final decision has not yet been made. The outcome of these discussions could have a significant impact on the cryptocurrency market in South Korea and potentially influence other countries' regulatory approaches to digital assets.