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International Business Times

Business

Marvie Basilan

South Korea Seeks Spot Bitcoin ETF Talks With Gary Gensler In Q2 2024: Report

Gary Gensler Bitcoin SEC South Korea ETF United States Crypto FSC Terraform Labs TfL

Securities and Exchange Commission Chair Gary Gensler (Credit: POOL / EVELYN HOCKSTEIN)

KEY POINTS

The FSC previously said brokering foreign-listed spot Bitcoin ETFs 'may violate' Seoul's current virtual assets stance
The South Korean financial regulator did say it will review overseas changes in crypto regulations
South Korean authorities have been on edge since the Do Kwon case came to light

South Korea's chief of the Financial Supervisory Service (FSS), Lee Bok-hyun, is expected to meet U.S. Securities and Exchange Commission (SEC) chief Gary Gensler during the second quarter of the year to discuss several cryptocurrency topics, including the spot Bitcoin ETF (exchange-traded fund), local publication Hankyung reported Monday.

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