Samsung Securities and Mirae Asset Securities suspend overseas spot Bitcoin ETF brokerage services due to regulatory warning from South Korea's Finan

Several major securities companies in South Korea have suspended brokerage services for spot Bitcoin ETFs, including Bitcoin ETFs in Canada and Germany, as a precaution after the country's financial regulatory agency issued a warning. "Domestic securities companies brokering foreign-listed Bitcoin spot ETFs may violate the government's existing stance on virtual assets and capital market laws," the Financial Services Commission of Korea said in a notice, which may be a response to the approval of Bitcoin spot ETFs in the United States. According to local news media Dailian, the companies involved include Samsung Securities and Future Asset Securities (Mirae Asset Securities). Samsung Securities manages assets of about $220 billion by the end of 2022, while Mirae Asset Securities manages assets of about $215 billion by the end of June 2023. (The Block)