The SEC s approval of spot Bitcoin ETFs in January was widely welcomed by the crypto community and in Asia, interest by some of the region s rising economies may trigger more openness to an emerging,
The financial regulator on Monday unveiled a set of plans that advise banks and brokerages to compensate losses from derivative products tracking Chinese stocks listed on the Hong Kong exchange. The Financial Supervisory Service said its preliminary inspection, conducted for two months since Jan. 8, has verified "various cases of incomplete sales" involving equity-linked securities products tracking Hong Ko.
With losses from equity-linked securities tied to a Hong Kong index expected to reach almost 6 trillion won ($4.57 billion) this year, South Korean financial regulators announced Monday that sellers may face full compensation for the loss. The announcement follows the Financial Supervisory Service's inspection of local banks and brokerages that sold large amounts of ELS products tied to the troubled Hang Seng Ch.
The recent Bitcoin rally has reignited a trading frenzy among South Korea's crypto enthusiasts, with trading volumes of local exchanges surpassing those of the stock market.