TechFlow reported on July 22 that Kim Byeong-hwan, First Vice Minister of the Ministry of Economy and Finance and nominee for chairman of the Financial Services Commission (FSC), stated he is reluctant to approve spot Bitcoin ETFs in South Korea and does not support granting real-name bank accounts to corporations and institutions. He emphasized that financial market stability, investor protection, and global trends should be central to decision-making, and that financial authorities should prioritize safeguarding users and maintaining market order, with policies advanced cautiously. Regarding legislative progress on virtual asset user protection laws, South Korea will discuss with relevant agencies.
Add to Favorites
Share to Social Media
