📢Good news! The US SEC recently approved the spot Ethereum ETF 19B-4 form, a move that has put tremendous pressure on Korean regulators to approve cryptocurrency ETFs. 🔍

🇰🇷The Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) of South Korea are cautious about introducing crypto asset trading in the traditional securities market. They stipulate that ETFs must strictly comply with the Capital Markets Act and can only be linked to traditional underlying assets. 📜

However, Seoul-based digital currency data provider Xangle publicly opposed the ban, arguing that it is "outdated" and needs to be revised to adapt to the growing importance of digital assets in modern finance. 🚀

Jung Eui-jung, head of the Korean Stockholders’ Alliance, also stressed the importance of Seoul following the US and approving Bitcoin and Ethereum ETFs. He warned that if Korean regulators continue to make no progress while the US is making progress, investors may move their funds to the US market. 🌐

We look forward to seeing more openness and progress, allowing Bitcoin and other cryptocurrencies to be more widely accepted and used around the world! 💪🎉