South Korea Tells Firms to Cut Exposure to Crypto ETFs, Coinbase and Strategy: Report

South Korea Tells Firms to Cut Exposure to Crypto ETFs, Coinbase and Strategy: Report

South Korea's finance regulator has informally warned local asset managers to reduce their exposure to crypto exchange-traded funds (ETF) and U.S.-listed digital asset firms, according to a report by the Korean Herald.The Financial Supervisory Service (FSS) verbally told several firms to limit their exposure to Coinbase (COIN) and Michael Saylor's Strategy (MSTR), to comply with its 2017 policy stance.The report seems to suggest a change in poli…

South Korean Regulator Urges ETF Managers to Scale Back Exposure to Crypto-Related Companies - Invest In Crypto News

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ETF Alert! South Korean Regulator Bars Coinbase, Strategy Assets In One Sweeping Move

South Korea’s financial watchdog is urging fund managers to scale back on how much crypto-related stock they pack into exchange-traded funds (ETFs). The Financial Supervisory Service (FSS) has reportedly issued verbal guidance advising firms not to go overboard with investments in companies like Coinbase and Strategy (formerly MicroStrategy). The FSS pointed out that the 2017 guidance on virtual currencies remains active and should still be foll…

South Korea Urges Asset Managers to Limit Crypto Exposure

The post South Korea Urges Asset Managers to Limit Crypto Exposure appeared on BitcoinEthereumNews.com. South Korea’s Financial Supervisory Service (FSS) advised local asset managers to avoid excessive exposure to crypto firms. According to a Wednesday report by The Korea Herald, the FSS verbally instructed local asset managers to limit exposure to crypto firms. The report cited Coinbase and Strategy stock as examples. The guidance was reportedl…

South Korea's FSS Pressures Asset Managers to Cut Exposure to Crypto-Linked ETFs

The post South Korea’s FSS Pressures Asset Managers to Cut Exposure to Crypto-Linked ETFs appeared first on Coinworldstory. South Korea’s FSS urges asset managers to cut exposure to crypto-linked ETFs, reigniting tension over outdated investment restrictions. The post South Korea’s FSS Pressures Asset Managers to Cut Exposure to Crypto-Linked ETFs appeared first on Coinworldstory.

Coinbase, Strategy Under The Microscope In South Korea's ETF Market—Should You Be Concerned? - Coinbase Global (NASDAQ:COIN) - EUROPE SAYS

South Korea's financial regulator has reiterated its stance against institutional investment in crypto-related firms, advising domestic asset managers to