South Korean financial regulatory authorities have approved the trading of overseas Bitcoin futures ETFs

The South Korean financial regulatory authority has decided to recognize the current trading of overseas futures Bitcoin ETFs. On the 14th, the Financial Services Commission announced in a press release issued in the afternoon, "Unlike before, there are no plans to regulate overseas Bitcoin futures ETFs." Previously, major securities companies had sought opinions from regulatory authorities on whether brokerage of Bitcoin futures ETFs could be conducted. At the same time, the regulatory authority also stated that "the issuance and brokerage of Bitcoin spot ETFs may violate existing government positions and the Capital Market Act. The legal systems of the United States and South Korea are different, so American cases cannot be directly applied to South Korea."