TechFlow reported, citing Yonhap News Agency, that a senior official of South Korea's financial authority said Sunday that despite the SEC's recent approval of spot Bitcoin ETFs in the U.S., South Korea will not review these U.S.-based spot Bitcoin ETFs or launch similar products domestically.
The Financial Services Commission (FSC) stated in a Friday announcement that trading Bitcoin ETFs could be illegal in South Korea. Bank of Korea Governor Lee Chang-yong told reporters that Bitcoin has become a high-risk investment asset.




