The Block, a news outlet focused on cryptocurrency and blockchain related news, reported on October 10 a significant update from South Korea’s leading financial regulator. The South Korean authority announced that it will re-evaluate the existing ban on local cryptocurrency exchange-traded funds (ETFs) and crypto exchange institutional accounts. This decision was reflected in the annual audit report released by the financial regulator on Thursday. Consequently, this move signifies that the regulators are starting to modify their strict opposition to digital asset exposure in traditional financial markets.
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