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International Business Times
International Business Times
Business
Marvie Basilan

Gensler, South Korean Counterpart To Talk On NFTs, Spot BTC ETFs In May: Report

Bitcoin South Korea SEC South Korean ETF Gary Gensler Crypto Cryptocurrency FSC FSS
South Korea's financial regulator has signaled interest in a domestic spot Bitcoin ETF as it is set to discuss NFTs and virtual assets with the SEC's chief. (Credit: Marco Verch/flickr)

KEY POINTS

  • South Korea's NFT-related businesses have pushed back against classifying NFTs as virtual assets
  • The country's financial regulator has also warned against brokering overseas-listed spot BTC ETFs
  • The ruling and opposition parties have expressed interest in domestic spot Bitcoin ETFs

U.S. Securities and Exchange Commission (SEC) chief Gary Gensler and his South Korean counterpart are set to meet in about three months to discuss non-fungible tokens (NFTs) and spot Bitcoin (BTC) exchange-traded funds (ETFs), local media reported.

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