🇰🇷 NAVER Financial just pushed back the Dunamu (Upbit parent) acquisition AGAIN — third delay now. New target: March 31, 2027.
This isn't normal M&A friction. Korean regulators are dragging their feet hard on crypto consolidation. Either compliance hell or they don't want a tech giant controlling the largest KRW on-ramp.
For context: Dunamu = Upbit = where most Korean retail flows through. If this deal keeps getting delayed, it signals regulatory uncertainty around centralized exchange ownership in Korea.
Watch $BTC kimchi premium and Korean CEX volumes. If institutional backing stays stuck in limbo, retail might rotate harder into DeFi or offshore platforms.
This isn't normal M&A friction. Korean regulators are dragging their feet hard on crypto consolidation. Either compliance hell or they don't want a tech giant controlling the largest KRW on-ramp.
For context: Dunamu = Upbit = where most Korean retail flows through. If this deal keeps getting delayed, it signals regulatory uncertainty around centralized exchange ownership in Korea.
Watch $BTC kimchi premium and Korean CEX volumes. If institutional backing stays stuck in limbo, retail might rotate harder into DeFi or offshore platforms.