South Korean Financial Watchdog Turns to SEC for Bitcoin ETF Guidance

<p>South Korea's Financial Supervisory Service (FSS) is seeking
guidance from the United States Securities and Exchange Commission (SEC) on
spot Bitcoin exchange-traded funds (ETF).</p><p>FSS Chief's 2024 Plans: Spotlight on New York and Bitcoin
ETFs</p><p>The Governor of FSS, Lee Bok-Hyun, outlined plans for 2024, including
visits to major financial markets like New York in the second quarter. The
purpose is to discuss various aspects of South Korean financial markets,
including spot Bitcoin ETFs.</p><p>Lee intends to meet with the SEC's Chair, Gary Gensler, later in the
year to discuss digital assets and spot Bitcoin ETFs. He highlighted the
significant impact of the SEC's recent approval of spot Bitcoin ETFs on global
financial policies.</p><p>The announcement follows the SEC's approval of 11 spot Bitcoin
ETFs on January 10, marking a historic decision. Previously, the SEC had denied
spot <a href="https://www.financemagnates.com/tag/bitcoin-etf/">Bitcoin ETF</a>
applications due to concerns about market manipulation in the crypto market.</p><blockquote><p lang="en" dir="ltr">