{"id":139453,"date":"2024-10-11T21:30:06","date_gmt":"2024-10-11T18:30:06","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=139453"},"modified":"2024-10-11T20:08:06","modified_gmt":"2024-10-11T17:08:06","slug":"south-korea-allegedly-moving-toward-approving-crypto-etfs","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/south-korea-allegedly-moving-toward-approving-crypto-etfs\/","title":{"rendered":"South Korea Allegedly Moving Toward Approving Crypto ETFs"},"content":{"rendered":"<p>This committee will serve as an advisory body providing guidance to the country\u2019s crypto sector. Led by FSC Vice Chairman Soyong Kim, the committee will consist of representatives from relevant government agencies and nine members from the private sector.<\/p>\n<p>The main focus of the <a href=\"https:\/\/www.digitalasset.works\/news\/articleView.html?idxno=22316\" target=\"_blank\" rel=\"nofollow\"><strong>committee<\/strong><\/a> will be to address critical issues within South Korea\u2019s digital asset sector, including the resolution of corporate accounts.<\/p>\n<p>Currently, South Korea\u2019s Capital Markets Act bans Bitcoin (<a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\"><strong>BTC<\/strong><\/a>) and other crypto ETFs, and corporate digital asset accounts are also banned due to anti-money laundering concerns.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/top-trader-issues-dire-warning-on-bitcoins-price\/\" title=\"Top Trader Issues Dire Warning on Bitcoin\u2019s Price\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/peter-brandt-is-bullish-on-btc-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Top Trader Issues Dire Warning on Bitcoin\u2019s Price<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>In conjunction with this initiative, the FSC founded the Digital Asset Consumer Protection Foundation, a non-profit organization whose idea is to help consumers recover assets from service providers that have gone out of business. The Commission is in the process of reviewing renewal applications from service providers relating to digital assets as many registrations expire in October 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On October 10, South Korea&#8217;s Financial Services Commission (FSC) announced the establishment of a Virtual Asset Committee to consider the approval of cryptocurrency exchange-traded funds (ETFs).<\/p>\n","protected":false},"author":7,"featured_media":36371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24,27,25],"tags":[72],"class_list":["post-139453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-bitcoin","category-regulations","tag-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - 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