South Korea is about to launch a new regulatory body for crypto later this month, and reports say that ruling on Bitcoin ETF approval will be one of its top priorities.
South Korean New Regulatory Body To Address Important Crypto Issues
The new regulatory body will be known as the Virtual Assets Committee, and their first meeting could be as early as this month.
Local reports say that the new body will operate under the umbrella of the nation’s top financial regulator, the Financial Services Commission (FSC). Local media said that the body’s launch would help discussions on issues like approving Bitcoin and Ethereum spot ETFs gain speed.
Some of the industry insiders also stated that the committee is expected to address the issue of allowing corporate virtual asset investments. Other than that, multiple companies in South Korea have high hopes of the country following American and Japanese firms into Bitcoin, Ethereum, and altcoin investing.
In the meantime, those investing into crypto in South Korea, or anywhere else for that matter, need to get used to the idea of securing their funds, and being personally responsible for the safety of their money. But, apart from having it stored safely, it is also important to make it easy to manage and buy or sell when the right opportunities arise.
This is why the best choice for crypto investors is Best Wallet.
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What Makes Best Wallet The Best?
Best Wallet is a crypto wallet for Bitcoin and altcoins. It is a multi-chain wallet, meaning that it supports cryptocurrencies from a variety of blockchains. At this time, there are over 60 supported chains, which also ensures that the wallet supports thousands of altcoins.
It is also non-custodial, meaning that no one else will have access to your funds but you. That way, no one can take them, misuse them, or do anything with them. On top of that, Best Wallet is also multi-wallet, meaning that you can manage your other crypto wallets through it, and move your coins and tokens around as you please.
Apart from portfolio management, Best Wallet also offers a variety of other services, such as acting as a presale aggregator, a way to engage in iGaming, and a way to buy, store, deposit, send, swap, sell, stake, or spend your cryptocurrencies.
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The wallet also has its own native cryptocurrency known as BEST token. You can get your hands on BEST without having to buy it, simply by registering and receiving a BEST airdrop, or by completing Daily and One-Time quests, or by engaging with the Best Wallet socials.
