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

BNB breaks above $610
1inch announces expansion to Solana
DOJ seeks 20-year prison sentence for Celsius founder
Crypto prices
More








