Financial regulators reiterating 7-year-old positions stifle crypto competitiveness

Although Bitcoin spot ETE was listed on the US stock exchange on the 11th of this month, the Korean Financial Services Commission has announced that it will not allow domestic users to trade Bitcoin spot ETX. Ohoon Kwon, Partner Attorney in Cha & Kwon Law Offices said, “Although U.S. law and Korean law are not the same, I don’t see any reason to ban Bitcoin spot ETFs under Korean law.” “The government will have to clarify the legal basis for prohibiting securities firms from holding Bitcoin,” he added.

URL : Financial regulators reiterating 7-year-old positions stifle crypto competitiveness