Varinder Singh
South Korea’s financial regulator plans to visit the U.S. to meet Securities and Exchange Commission (SEC) Chairman Gary Gensler to discuss key matters including virtual assets and spot Bitcoin ETF. Financial regulators worldwide are now considering spot Bitcoin ETF possibilities after the U.S. SEC approved multiple spot Bitcoin ETFs in January.
South Korea’s FSS Deliberate Over Spot Bitcoin ETF
Lee Bok-hyun, the head of South Korea’s Financial Supervisory Service (FSS) plans to meet U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, reported local media Hankyung on February 5. The Financial Supervisory Service is South Korea’s integrated financial regulator under the broad oversight of the Financial Services Commission (FCC).
The FSS will discuss various crypto matters, including spot Bitcoin ETF, with the SEC and Chair Gary Gensler. Lee Bok-hyun announced his business plan for the year at FSS, visiting major advanced financial markets. He plans to visit the U.S. in the second quarter to discuss measures such as the corporate “value-up” program and spot Bitcoin ETF.
He said that the SEC’s policy about spot Bitcoin ETFs approval will have a big impact on the world. “This is important,” he added. The possibility of spot Bitcoin ETF approval in South Korea has been in discussions for weeks after the approval of spot Bitcoin ETF in the US.
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