South Korea Financial Commission: Will adhere to regulations restricting financial institutions from issuing crypto ETFs

South Korean Financial Services Commission reiterated its commitment to restrict the issuance of cryptocurrency ETFs by financial institutions. The stability of the financial market and the protection of investors are the reasons for maintaining the current restrictions. Currently, South Korea's Capital Market Act limits the underlying assets of investment contracts, including ETFs, to financial investment tools, currencies, and ordinary commodities, but it does not include cryptocurrencies.