Even though the United States approved multiple Bitcoin exchange-traded funds (ETFs) yesterday (11), the financial regulatory agencies in South Korea and the Reserve Bank of India still express their disapproval. They state that they will not follow the financial product decisions of other countries and it is unlikely that they will launch cryptocurrency ETFs. They emphasize that cryptocurrencies may pose significant risks to emerging economies.
Korea and India Take a Tough Stance on Embracing Bitcoin: Cryptocurrency ETF Launch Unfeasible Legally
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