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10 May 2021

South Korea reportedly set to approve cryptocurrency-focused fund

South Korea reportedly set to approve cryptocurrency-focused fund


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The Naver News service in South Korea has reported that the country’s Financial Supervisory Service is set to approve a crypto-related fund application by Hanwha Asset Management — a subsidiary of South Korea’s insurance giant Hanwha Life Insurance.

Funds that invest directly in cryptocurrencies and listed securities such as exchange-traded funds are still banned in South Korea.

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cointelegraph.com
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