South Korea's FSS Governor Lee Bok-hyun is scheduled to meet with SEC Chair Gary Gensler in New York in Q2 2024 to discuss spot Bitcoin ETFs.

The meeting follows the SEC's influential approval of spot Bitcoin ETFs, signaling a potential shift in global financial policy.

South Korea's Presidential Office has advocated for a review of the country's stance on Bitcoin ETFs, taking cues from the US regulatory framework.

The country's Financial Services Commission proposed a new crypto regulatory regime in December 2023, amidst concerns amplified by incidents like the Do Kwon case.

South Korea is enhancing crypto market transparency by mandating exchanges to report leadership changes, and its FIU is targeting illegal activities tied to crypto mixers.

New legislation to protect crypto investors will be effective from July, giving South Korea more control over its cryptocurrency markets.

Regulators are actively considering the regulation of spot Bitcoin ETFs, showing an openness to integrate such financial products into South Korea's market.

The information about regulatory changes is not static and should not be considered as a basis for investment decisions.