South Korean Presidential Office Suggests Reevaluation of Bitcoin ETF Approval South Korea‘s Presidential Office has recently proposed reconsideration for the approval of a local spot Bitcoin exchange-traded fund (ETF). According to reports from
Maeil Business, the suggestion for reevaluating the spot Bitcoin ETF comes from Sung Tae-yoon, the Chief of Staff for Policy at the South Korean Presidential Office.
During a briefing,
Sung highlighted the government’s interest in aligning local regulations with international standards, suggesting a more open approach towards cryptocurrencies and related financial
products like ETFs. Responding to the question,
“Are you considering institutionalizing Bitcoin?” in briefing, Sung said, “We need to change our country’s legal
system appropriately, or things that happen overseas can be accepted in our country.”
