Ethereum

“The emergence of cryptocurrency ETFs will make market participants believe that these are proven assets. While cryptocurrencies continue to show high volatility,” the researcher wrote.
Before allowing the launch of these investment products, South Korean authorities should carefully analyze the potential risks and benefits of introducing cryptocurrency ETFs, Lee writes. He insists that their implementation will cause more losses than benefits. Therefore, to reduce possible risks, it is necessary to develop clear rules for regulating the crypto market, the researcher concluded.
Last year, South Korea's Financial Supervisory Service (FSS) began preparing regulations to complement the Virtual Asset User Protection Law. In April, South Korean regulators tightened the rules for listing new altcoins on centralized cryptocurrency exchanges operating in the country.