South Korea’s Major Firms Halted Bitcoin ETFs Services!

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South Korea’s major security firms Samsung Securities and Mirae Asset have suspended the brokerage services of Spot Bitcoin ETFs today due to regulatory warnings. According to the sources, Samsung Securities operated about $220 billion worth of assets at the end of 2022, while Mirae had about $215 billion in assets under management at the end of June 2023. Financial regulators have said that the operation of foreign-listed Bitcoin ETFs by the country’s firms results in a violation of currency regulatory rules.