South Korea and India Take Tough Stance on Embracing Bitcoin: Cryptocurrency ETF Launch Deemed Legally Impossible
Even though the United States approved multiple Bitcoin ETFs yesterday (11), the financial regulatory agencies in South Korea and the Reserve Bank of India still express pessimism towards this. They have stated that they will not follow other countries’ financial product decisions and it is unlikely for them to launch cryptocurrency ETFs. They emphasize that cryptocurrencies may pose significant risks to emerging economies.
