South Korea’s Samsung Securities, Mirae Asset suspend foreign spot bitcoin ETFs amid regulatory warning | Headlines | News | CoinMarketCap
01/12/2024 13:43
Several major securities firms in South Korea suspended today the brokerage services of spot bitcoin ETFs, including those from Canada and Germany, …
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Published on January 12, 2024 06:33 GMT+00:00edited on January 12, 2024 06:34 GMT+00:00
Several major securities firms in South Korea suspended today the brokerage services of spot bitcoin ETFs, including those from Canada and Germany, as a preemptive measure following a cautionary announcement from the country’s financial watchdog.
“The brokering of foreign-listed bitcoin spot ETFs by domestic securities firms may violate existing government positions on virtual assets and capital market laws,” the Financial Services Commission said today in the notice, likely published in reaction to the U.S. approval of spot bitcoin ETFs.
The list of companies that made the suspension includes Samsung Group’s securities division and Mirae Asset Securities, according to local news outlet Dailian. Samsung Securities managed about $220 billion worth of assets at the end of 2022, …