South Korea and India take a tough stance on embracing Bitcoin: Legally impossible to launch encrypted asset ETF.
Even though the United States approved multiple Bitcoin spot ETFs yesterday (11), the financial regulatory agencies in South Korea and the Reserve Bank of India still express skepticism about it. They have stated that they will not emulate the financial product decisions of other countries and will not be able to launch cryptocurrency ETFs. They emphasize that cryptocurrencies may pose significant risks to emerging economies.
