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South Korean Regulator to Approve Digital Asset Fund Early Next Month

Thu, 04/29/2021 - 10:53
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Yuri Molchan
South Korea financial authority to approve the launch of a digital asset fund in early May, here are the details
South Korean Regulator to Approve Digital Asset Fund Early Next Month
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South Korean news outlet has reported that the local Financial Supervisory Service intends to greenlight the launch of the financial fund that would enable investors to access exposure to digital assets.

South Korean business conglomerate to launch a crypto fund

The fund will be approved on May 2, according to the sources, and it will be launched by Hanwha Asset Management.

That is an investment subsidiary of the big South Korean business conglomerate. The source article does not reveal which cryptocurrencies (digital assets) investors will be able to access.

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JP Morgan, Goldman Sachs to offer exposure to Bitcoin

As reported by U.Today recently, in the U.S., major banking conglomeratesJP Morgan and Goldman Sachsintend to open investment in Bitcoin for its highest net worth clients later this year.

Previously, these banks slammed Bitcoin as an asset, as well as cryptocurrencies overall. CEO and chairman of JP Morgan Chase, Jamie Dimon, has several times publicly called Bitcoin a bubble over the past few years.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at