South Korea’s Financial Supervisory Service (FSS) is seeking guidance from the United States Securities and Exchange Commission (SEC) on spot Bitcoin exchange-traded funds (ETFs).

FSS Chief’s 2024 Plans: Spotlight on New York and Bitcoin ETFs

FSS chief Lee Bok-Hyun outlined plans for 2024, including visits to major financial markets like New York in the second quarter. The purpose is to discuss various aspects of South Korean financial markets, including spot Bitcoin ETFs.

Lee intends to meet with SEC Chair Gary Gensler later in the year to discuss digital assets and spot Bitcoin ETFs. He highlighted the significant impact of the SEC’s recent approval of spot Bitcoin ETFs on global financial policies.

The announcement follows the SEC’s approval of 11 spot Bitcoin ETFs on January 10, marking a historic decision. Previously, the SEC had denied spot Bitcoin ETF applications due to concerns about market manipulation in the crypto market.

This article was written by Tareq Sikder at www.financemagnates.com.CryptoCurrency, NewsRead More

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