Korea Bitcoin ETF Approval Depends on US SEC Decision, Admits Stock Exchange Official

South Korea has joined the cryptocurrency community when it comes to waiting for the US’ verdict on Bitcoin exchange-traded funds (ETF). The nation’s sole bourse operator, Korea Exchange (KRX), admitted that it was carefully observing the constantly-unfolding crypto ETF scenario in the US. An official at the exchange – on condition of anonymity – told the Korean Herald that seeing the Securities and Exchange Commission’s (SEC) response to the bitcoin derivative products could assist KRX in understanding how they could move forward with similar investment offerings in South Korea. Excerpts from his statement: “The US has been the front-runner on the cryptocurrency

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Russia Isn’t Bothered to Recognize Bitcoin for Now, Says Justice Minister; What Drove his Decision?

Russia’s Minister of Justice, Alexander Konovalov, has indicated that it is unnecessary to give cryptocurrencies a legal definition at this point in time, according to the country’s state-owned news agency TASS. In a meeting with Russian legislators, Konavalov argued that it would be unwise to define cryptocurrencies in their current state. Additionally, Konavalov said it was also premature to formalize legislation touching on cryptocurrencies in Russia. As was reported by CCN mid last month, there are legislative efforts relating to cryptocurrencies and ICOs being undertaken by the Russian parliament. Why Russia Wants to Go-Slow on Crypto Regulation The Justice Minister’s

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