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South Korea must approve the CRIPTO ETFS or the risk lags, says Korean exchanges

South Korea must approve the CRIPTO ETFS or the risk lags, says Korean exchanges

South Korea should introduce funds traded with cryptocurrencies to remain competitive in global finances, according to Korea Chairman (KRKS).

In a recent interview In Seoul, Jung EUN-BOs emphasized that with southern Korea “third largest cripple trading trading” delayed by the Crypto ETFs could lag behind the global markets that are already progressing.

He has shown in the United States, where the future and Spot BitCoin ETFs are “available and actively traded”, as an example as other markets accept the shift. Jung added that the CRIPTO ETFS could bring fresh opportunities to the country’s financial sector.

“Criptocurrency is a sector that can create a new value in the financial industry (), we must not delay the introduction of CryptoCurrency ETF trading,” Jung said.

Since February 2025. year, the American market has a total of 20 products traded by cryptocurrency, which includes spot and futures. This includes 12 Spot Bitcoin ETFS, 8 Strategies BitCoin ETFS and 9 spots Etfeum ETFS.

Beyond Bitcoin and Etherum, Cripto Etf Nature Spot is dissemination to include other digital assets. Property managers have submit Applications for ETFS Targeting cryptocurrency such as Solana, XRP, and even memes coins like Dogecoin.

Jung’s comments come at a time when the financial sector of South Korea is thrown with different challenges, including the reducing base of investors and what he called “Zombie” – surviving companies surviving on borrowed funds.

He believes that it would embrace the Cryptocurthnity of ETFS could enrich the market by offering investors a safer and more regulated way to access digital property. According to him, the introduction of the CRIPTO ETF aligns with the aim of modernizing the financial landscape in the country.

Jung also sustained regulations, warning that excessive legislation could stifle innovation in the market. He also pushed for mitigating the restrictions on the investment of the pension fund in equity, arguing that the excellent high-risk limits could violate long-term returns.

As before export Crypto.nevs, Jung pressed the ETF crypticity survey in Chaos and saw the mass exodus of investors after an unsuccessful attempt to President of Suk-Ieola to declare an unsuccessful attempt to fight. Speaking at the opening ceremony in the Securities and Derivati ​​market, 2025. years, Jung claimed that South Korea must investigate new business sectors.

In October, local media export That South Korean regulators considered the approval of crypt’s ETF, but did not give a certain timeline. Earlier in the year, the governor of financial surveillance services, Lee Bok-Hyun, piled During the discussions about whether the Bitcoin ETFS spot will be provided in South Korea.

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2025-02-10 12:01:00

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