TechFlow news, October 10 — According to The Block, the South Korean Financial Services Commission (FSC) recently stated it will reevaluate lifting the ban on spot cryptocurrency ETFs and institutional trading accounts at cryptocurrency exchanges. This marks a significant shift in the regulator's stance toward digital assets.
The newly established cryptocurrency committee under the FSC will review the existing restrictions. Earlier, South Korean lawmakers had been calling for policy changes, with both the ruling Democratic Party and opposition parties pledging to approve domestic spot Bitcoin ETFs during their campaigns in this year’s general elections. Since 2018, institutional investors in South Korea have effectively been barred from opening trading accounts on crypto exchanges. This potential regulatory shift could open new avenues for institutional participation in the cryptocurrency market.
