TechFlow news, according to The Block, following a warning from South Korea's top financial regulator, several South Korean brokerages, including Samsung Securities and Mirae Asset, have halted trading of foreign spot Bitcoin ETFs.
Mirae Asset Securities confirmed today that it, along with several other firms, has stopped new transactions in foreign spot Bitcoin ETFs offered on its platform. A spokesperson for Mirae Asset Securities cited the announcement by South Korea’s Financial Services Commission (FSC) as the primary reason for the suspension, adding that local brokers are concerned existing offerings of foreign Bitcoin ETFs could be interpreted as illegal. Foreign Bitcoin futures ETFs, which were not mentioned in the FSC's warning, appear to continue cross-platform trading. A Mirae Asset Securities spokesperson said: “Stopping (Bitcoin futures) ETFs has not been discussed.”
