South Korea’s Financial Services Commission (FSC) has expressed concerns about domestic securities firms brokering overseas-listed Bitcoin spot exchange-traded funds (ETFs). In a notice released on January 12, the regulator acknowledged the country’s efforts to create a regulatory framework for the emerging industry but warned that these brokerage services for foreign ETFs might violate local laws.
Regulation
Grayscale Investments, the renowned digital asset management firm, recently made a significant move in the world of exchange-traded funds (ETFs). On January 11th, Grayscale filed an application for a Bitcoin covered call ETF, indicating its commitment to the development of this innovative financial product. In this article, we will delve into the details of Grayscale’s
Grayscale, the world’s largest digital asset manager, recently received approval from the U.S. Securities and Exchange Commission (SEC) for its spot Bitcoin ETF proposal. This groundbreaking development marks a significant milestone for GBTC investors and indicates a promising future for the transformative potential of cryptocurrencies. Grayscale CEO Michael Sonnenshein expressed his gratitude to the company’s
The rapid growth of the Decentralized Finance (DeFi) sector has attracted considerable attention from regulators and industry leaders alike. A recent report titled “Decentralized Finance” released by the CFTC’s Digital Assets and Blockchain Technology Subcommittee sheds light on the risks inherent in this emerging field. Led by CFTC Commissioner Christy Goldsmith Romero, the report emphasizes
The U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler recently issued an advisory that serves as a cautionary note for individuals interested in investing in crypto assets. With the deadline for the approval of the spot Bitcoin exchange-traded fund (ETF) approaching, Gensler highlighted the potential risks and concerns surrounding this form of investment. In