Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Samsung Securities and Mirae Asset Securities suspend overseas spot Bitcoin ETF brokerage services due to regulatory warning from South Korea's Finan

Samsung Securities and Mirae Asset Securities suspend overseas spot Bitcoin ETF brokerage services due to regulatory warning from South Korea's Finan

CointimeCointime2024/01/12 07:07
By:Cointime

Several major securities companies in South Korea have suspended brokerage services for spot Bitcoin ETFs, including Bitcoin ETFs in Canada and Germany, as a precaution after the country's financial regulatory agency issued a warning. "Domestic securities companies brokering foreign-listed Bitcoin spot ETFs may violate the government's existing stance on virtual assets and capital market laws," the Financial Services Commission of Korea said in a notice, which may be a response to the approval of Bitcoin spot ETFs in the United States. According to local news media Dailian, the companies involved include Samsung Securities and Future Asset Securities (Mirae Asset Securities). Samsung Securities manages assets of about $220 billion by the end of 2022, while Mirae Asset Securities manages assets of about $215 billion by the end of June 2023. (The Block)

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

BlackRock Bitcoin ETF Sees Massive $970M Inflow

BlackRock's Bitcoin ETF adds 10,360 BTC, its second-largest inflow since launch, boosting crypto market confidence.BlackRock Strengthens Bitcoin HoldingsInstitutional Interest Keeps GrowingWhat This Means for Crypto Investors

Coinomedia2025/04/29 08:11
BlackRock Bitcoin ETF Sees Massive $970M Inflow

BNB breaks above $610

Cointime2025/04/29 08:01

1inch announces expansion to Solana

Cointime2025/04/29 08:01