In accordance with BitcoinWorld, South Korea’s approval of spot crypto ETFs is unlikely to occur in 2024 due to legislative delays and shifting regulatory priorities. The delay is attributed to stalled amendments to the Capital Markets Act and the government’s focus on restructuring financial regulators and stimulating the traditional stock market. This creates uncertainty for investors who had expected South Korea to follow the U.S. in approving such products. The four pending amendment bills suggest a potential path forward, but the timeline remains unclear. Analysts believe approval may come in 2025 or later, depending on legislative progress and regulatory focus.
South Korea's Spot Crypto ETF Approval Delayed Beyond 2024
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