<ul><li>The Financial Supervisory Service of South Korea (FSS) has reaffirmed its prohibition on Bitcoin spot and futures Exchange Traded Funds (ETFs).</li><li>The FSS's decision is part of overhauling regulations and has drawn criticism from industry participants and legal practitioners.</li><li>Legal experts argue that the FSS's actions may exceed its purview under the Capital Markets Act and discourage innovation in the banking industry.</li><li>South Korea's strict regulations on Bitcoin ETFs raise concerns about the country's global financial competitiveness and potential missed opportunities for growth and innovation.</li></ul>

Bitcoin ETF Ban: South Korean Authorities Crack Down On Spot And Futures

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