Korean Financial Expert Warns Against Cryptocurrency Spot ETF A Detrimental Impact on Local Financial System

In Asia, Japan and Taiwan do not allow their citizens to issue or trade cryptocurrency ETFs, while Singapore permits trading of cryptocurrency ETFs but only for professional investors. Hong Kong, on the other hand, allows both issuance and trading, which has attracted international attention at one point. However, due to restrictions on mainland Chinese residents participating, the trading volume is not as optimistic as before.