tldr; South Korea’s Stock Exchange chairman, Jeong Eun-bo, announced plans to explore the approval of crypto-based exchange-traded funds (ETFs) in 2025. This move is part of a strategy to address market challenges and enhance the value of the South Korean capital markets. Despite a ban on crypto ETFs since 2017, there is a shift in regulatory stance, influenced by the success of similar products in the US. The Korea Exchange aims to benchmark international cases and incorporate digital assets into institutional finance to revitalize the market.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
BlackWarrior322 on
Lots going on there with the president, let’s see!
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tldr; South Korea’s Stock Exchange chairman, Jeong Eun-bo, announced plans to explore the approval of crypto-based exchange-traded funds (ETFs) in 2025. This move is part of a strategy to address market challenges and enhance the value of the South Korean capital markets. Despite a ban on crypto ETFs since 2017, there is a shift in regulatory stance, influenced by the success of similar products in the US. The Korea Exchange aims to benchmark international cases and incorporate digital assets into institutional finance to revitalize the market.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Lots going on there with the president, let’s see!