61% Trade Volume Surge Red Flags
- South Korea’s FSC plans to reevaluate its ban on local spot cryptocurrency ETFs and institutional accounts, signaling a shift in regulatory stance.
- The approval of spot bitcoin ETFs in the U.S. has pressured the FSC to consider local listings, reflecting a potential policy change.
- Upbit dominates the market, handling 61% of trade volume, raising concerns about its influence on partner K-bank and implications for its IPO plans.
South Korea’s Financial Services Commission (FSC) has announced a significant shift in its approach to cryptocurrency regulation. The FSC stated that it would reevaluate the ban on local spot cryptocurrency exchange-traded funds (ETFs) and institutional accounts on crypto exchanges. This decision…
