South Korean Financial Authority Director Plans Talks on Spot Bitcoin ETFs with US SEC Chair

South Korean Financial Authority Director Plans Talks on Feature Bitcoin ETFs with US SEC Chair

Head of the Financial Supervisory Service, Lee Bok-hyun, is made up our minds to discuss to the US later this year, meaning to engage in discussions with U.S. Securities and Alternate Commission (SEC) Chairman Gary Gensler.

The agenda of the meeting is anticipated to encompass diversified functions of the crypto industry, with a disclose focal level on the Bitcoin predicament ETF.

At some level of the announcement of his industry thought for 2024 at the Financial Supervisory Service in Seoul’s Yeouido district on the Fifth, Director Lee published his scheme to discuss to predominant evolved monetary markets, along with Fresh York, USA, within the 2d quarter. The cause of these visits is to deliberate on measures such as the Korea good buy, Bitcoin predicament ETF, and company price-up program, native media reported.

In a subsequent Q&A session with reporters, Director Lee acknowledged the planned meeting with SEC Chairman Gensler, emphasizing the areas of focus. He remarked, “I met with SEC Chairman Gary Gensler (this year), and there are areas where we can focal level on points such as digital asset concerns and Bitcoin predicament ETF.” Director Lee highlighted the worldwide significance of SEC policy selections, declaring, “Now, the influence of SEC policy on the sector. Here is important.”

Bitcoin ETFs Reach Momentum in Asia Put up US Approval

After the principle Bitcoin predicament trace alternate-traded funds got historic approval within the US, Asian industry leaders, specifically in Hong Kong, are actively exploring equivalent crypto products.

As reported earlier, over a dozen fund services are at level to in discussions with Hong Kong’s Securities and Futures Commission (SFC) to formulate a approach for launching a local Bitcoin predicament ETF.

Source : cryptonews.com