Chain News Daily Official TheBitTimes.com

Will South Korea allow spot Bitcoin ETFs? The Financia Services Commission had warned brokerage firms against offering recently listed US spot Bitcoin ETFs. President’s office urges FSC to reconsider stance, noting possibility if incorporating foreign-listed products. The South Korea n president ’s office has urged the Financial Services Commission (FSC) to reassess its stance on the trading of the recently approved spot Bitcoin ETF s. Earlier this month, the Securities and Exchange Commission (SEC) approved eleven spot Bitcoin ETFs – the nod coming a decade after the first application. But only a day after the ETFs hit the market, the FSC released a statement warning local firms against providing access to the foreign-listed products. An official of the FSC had also noted that South Korea wasn’t looking to follow the US in allowing spot ETFs . Government urges FSC to review stance On Thursday, details in a local media outlet reve...

More than a tenth of US crypto holders would favor a presidential candidate who wants to eliminate crypto from the US economy, according to a poll from the Crypto Council for Innovation. In  A Survey of Voters Holding Crypto currency Nationwide , released on Tuesday, 11% of the 454 polled said they’d back a president ial candidate who “wants to crack down on crypto currency, and work to eliminate it from the American economy, so it can’t be US ed for fraud or scams.” Conversely, 83% of respondents would prefer a candidate who “wants to write clear rules for crypto currency so that investors can continue to have choices.” Either way, it’s clear that there’s an appetite for getting a handle on digital currencies. Exactly 50% of those polled claimed that it’s either ‘very’ or ‘extremely’ important for “the President and Congress to deal with the issue of cryptocurrency .” Twenty-eight percent said it’s ‘somewhat’ important, while 22% either don’t think it’s important at all or are un...