South Korea's Financial Services Commission (FSC) will review the lifting of the ban on local spot cryptocurrency ETFs and consider allowing institutional accounts to open accounts on crypto exchanges. According to local media reports, the decision was driven by the FSC's newly established cryptocurrency committee, and regulators have loosened their attitude towards digital assets entering traditional financial markets. Since 2018, South Korean institutional investors have been effectively banned from establishing cryptocurrency trading accounts on exchanges due to the strict guidance of the FSC. In addition, South Korean lawmakers have been calling for a change in this status quo. As early as this year's election campaign, both the ruling and opposition parties promised to approve the listing of local spot Bitcoin ETFs. (TheBlock)