The South Korean Financial Services Commission creates a Virtual Assets Committee to review spot ETFs and regulate corporate virtual accounts 💼

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The South Korean Financial Services Commission (FSC) is creating a Virtual Assets Committee to address the approval of spot ETFs and the use of corporate virtual accounts. These measures are aimed at eliminating market anomalies and strengthening investor protection.

Previously, the FSC banned Bitcoin ETFs and restricted corporate virtual accounts due to money laundering risks. The committee, consisting of 15 experts from various fields, will hold its first meeting this month. The agenda includes discussions on structural issues and possible changes to cryptocurrency legislation.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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