🚨 South Korea’s FSS Targets Crypto-Linked ETFs
🇰🇷 In a significant regulatory move, South Korea’s Financial Supervisory Service (FSS) has urged local asset managers to limit exposure to crypto-related stocks within their ETFs — specifically naming Coinbase and MicroStrategy.
📊 This reinforces South Korea’s strict stance on institutional crypto investment, citing its longstanding 2017 policy prohibiting such exposure to virtual assets.
🔍 What it means:
• Crypto-focused ETFs may see strategic reshuffling
• Global ripple effect on fund strategies involving $COIN & $MSTR
• Institutional sentiment towards crypto remains divided
🌐 As the industry continues to evolve, this highlights the growing tension between crypto adoption and regulatory caution in traditional finance.
#CryptoRegulation #ETF #Coinbase #MicroStrategy #SouthKorea
https://coingape.com/s-koreas-fss-asks-etfs-to-cut-coinbase-and-microstrategy-stocks/?utm_source=bnb&utm_medium=coingape