Financial Services Commission allows 'bitcoin futures'...KB Securities resumes futures ETF trading.

KB Securities has resumed trading in bitcoin futures exchange-traded funds (ETFs) after South Korea's Financial Services Commission announced it will allow such products. KB Securities has resumed trading in bitcoin futures ETFs. On the 15th, KB Securities said, "We have resumed trading of bitcoin futures ETFs in the United States, where markets have been open since last weekend. C. Earlier in the day, KB Securities announced on its website that it had suspended new purchases for its U.S. Bitcoin Spot and Futures ETFs. Investors already holding the products could only place sell orders.

It is interpreted that KB Securities is unsure of its policy on futures ETFs, as the Financial Services Commission has issued an opinion that the existing foreign-listed bitcoin spot ETFs may be illegal. KB Securities stated in a notice on its website, "We have decided to restrict new purchases of virtual asset futures ETFs until there are clear guidelines from the financial authorities on ETFs based on virtual assets, including bitcoin". However, as the Financial Services Commission announced on Thursday that "overseas bitcoin futures ETFs are being traded as they are now and there are no plans to regulate them differently," there is no reason to stop trading.