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CryptoIntelligence 2024-06-25 08:40:41

South Korean Think Tank Warns Against Approving Spot Crypto ETFs, Citing Financial Stability Risks

South Korean Think Tank Warns Against Approving Spot Crypto ETFs, Citing Financial Stability Risks

A South Korean think tank specializing in finance and economics has advised against approving spot crypto exchange-traded funds (ETFs) in the country. Bo-mi Lee, a researcher at the Korea Institute of Finance, argued in a paper that global experiences with spot Bitcoin and Ether ETFs indicate that the potential losses outweigh the benefits. Lee emphasized that the introduction of spot crypto ETFs could jeopardize financial stability in South Korea. The paper suggested that the approval of these ETFs could lead to a significant influx of capital into the crypto market, especially if digital asset prices rise. This, in turn, could

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