The South Korean Financial Services Commission aims to evaluate allowing businesses to trade and hold cryptocurrencies such as Bitcoin (BTC) by 2025. In a move to shape an evolving regulatory landscape, conversations with the Virtual Asset Committee are anticipated to bring about specific guidelines and frameworks.
The director of the Financial Services Commission stated a cautious stance on crypto ETFs, as approvals are not yet forthcoming. While there’s industry interest, potential regulatory changes have prompted concerns among traders about possible cryptocurrency delistings, showing a complex landscape of crypto asset regulation.
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