- South Korea may fall behind as other countries launch crypto ETF.
- Experts say crypto ETFs can bring more investors and help the economy.
- Rules are a challenge, but too many restrictions could slow growth.
South Korea is the third-largest cryptocurrency trading country, but it has not yet introduced cryptocurrency exchange-traded funds (ETFs). Experts warn that this delay could make the country fall behind in global finance. Jung Eun-bo, chairman of the Korea Exchange (KRX), has urged the government to launch crypto ETF.
He says South Korea must keep up with other markets like the United States, Canada, and Europe, where crypto ETFs are already available. In the U.S., investors can trade spot and futures Bitcoin ETFs, and other countries have introduced ETFs for cryptocurrencies like Ethereum, Solana, and even meme coins. Jung believes South Korea must act fast to remain competitive.
Why Crypto ETF Are Important?
Crypto ETFs could create new financial opportunities for South Korea. They allow people to invest in crypto through a regulated and safer system, which could attract more investors and help the financial sector grow. Other financial leaders support this idea.
Seo Yoo-seok, chairman of the Korea Financial Investment Association (KOFIA), says that not only young investors but also people in their 50s and 60s are interested in digital assets. He believes South Korea should follow the United States, where crypto ETF are widely traded, and adapt to global financial trends. He also noted that global policies are changing, and South Korea should not be left behind.
One major challenge is government regulations. In October 2024, South Korean officials discussed allowing crypto ETF, but no final decision was made. Some regulators fear that crypto investments are too risky and need strict rules. Jung warns that too many restrictions could slow down financial growth. He also suggests changing pension fund rules to allow more investments in crypto ETF. This could help investors earn better returns over time.
Crypto ETFs are gaining popularity worldwide, and South Korea’s financial leaders believe the country must act quickly to stay competitive. If the government approves crypto ETFs, it could create new investment opportunities and strengthen the nation’s financial market.
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