South Korea inches closer to Bitcoin ETF decision, looks to Japan as example

South Korea’s financial regulator has reportedly examined the Japanese Financial Services Agency’s legislative trend toward digital assets.

South Korea is growing closer to a decision on Bitcoin (BTC) exchange-traded funds (ETFs), according to a report from local publication Maeil Business Newspaper (MK).

In its report, MK says the South Korean government is looking to Japan as an example, as the island nation has been skeptical of digital assets in the past but may be changing its tone.

The Financial Supervisory Service, South Korea’s financial regulator, reportedly examined the Japan Financial Services Agency’s legislative trend toward digital assets and shared it with related institutions in South Korea.

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