Embracing Bitcoin? South Korea and India Adopt Firm Stance: Cryptocurrency ETF Launch Deemed Legally Infeasible

01/12/2024

Even though the United States approved multiple Bitcoin exchange-traded funds (ETFs) yesterday (11), the financial regulatory authorities in South Korea and the Reserve Bank of India still express pessimism towards it. They have stated that they will not emulate the financial product decisions of other countries and are unlikely to launch cryptocurrency ETFs. They emphasize that cryptocurrencies may pose significant risks to emerging economies.

← Financial Writer Wu Danru Earns 70% through Dollar-Cost Averaging in Bitcoin: Despite Skepticism, I Am Willing to Continue Experimentation
Unable to Issue Bitcoin ETF in Taiwan at Present, Says Deputy Director of FSC Securities and Futures Bureau: Can Taiwan Keep Up with the Bitcoin ETF Craze in the United States? →

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