South Korea’s Financial Supervisory Service (FSS)—responsible for supervision and examination of all financial institutions in the country—advised local asset management firms to adjust their exchange-traded funds (EFTs) to limit exposure to digital asset-related companies, including Coinbase (NASDAQ: COIN) and MicroStrategy (NASDAQ: MSTR).

According to a report on July 23 from local outlet The Korea Herald, the FSS issued “verbal guidance” to local asset managers to…