Express
South Korean Regulatory Agency Orders to Limit Country's ETFs from Increasing Holdings in Stocks of Crypto Companies like Coinbase
Summary: According to reports, the South Korean Financial Supervisory Service recently issued verbal guidance to domestic asset management companies, instructing them not to increase the holdings of stocks of crypto companies like Coinbase and Strategy in ETFs. The regulatory agency reiterated that the 'Emergency Measures for Virtual Currency-Related Transactions' enacted in 2017 are still in effect, ...
According to reports, the South Korean Financial Supervisory Service recently issued verbal guidance to domestic asset management companies, instructing them not to increase the holdings of stocks of crypto companies like Coinbase and Strategy in ETFs. The regulatory agency reiterated that the 'Emergency Measures for Virtual Currency-Related Transactions' enacted in 2017 are still in effect, with this administrative guidance explicitly prohibiting legitimate financial institutions from holding, purchasing virtual assets, obtaining related collateral, and engaging in equity investments.
Tags:
Link: South Korean Regulatory Agency Orders to Limit Country's ETFs from Increasing Holdings in Stocks of Crypto Companies like Coinbase [Copy]
