SK regulator advises asset managers to limit ‘crypto’ exposure
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…
