Is this round of regulatory loosenings in South Korea finally coming to an end? Is Naver finally about to play out the Upbit takeover script?
$ETH $BTC
The Regulatory Rationalization Committee just threw out a big move: it has proposed removing “minor violations” from the scope of qualifications review for major shareholders. In plain language—what previously choked Naver after it got stuck under an antitrust fine might finally be loosened.
But don’t get too excited yet. This proposal has immediately sparked three major controversies:
First, why do other financial regulations have exceptions, but the “Special Financial Act” has to be a one-size-fits-all cut? Fairness is being trampled.
Second, the authority to issue the implementing orders is being questioned. The law doesn’t clearly authorize administrative orders to give the green light—so in the end, we might see an incredible plot twist.
Third, even if the acquisition clears this hurdle, there are still two mountains ahead: the Fair Trade Commission and the shareholding cap (15%-20%).
In other words, the Financial Committee is the ultimate BOSS. Whether you’ll listen or not depends entirely on their mood.
#韩国加密机构化零售降48%
So the question is: is this truly good news, or just a regulatory carrot dangled in front of you? In the comments, people are going to argue. I bet 50 cents that in the end, it’ll still turn into a fight that drags on for three more months.
$ETH $BTC
The Regulatory Rationalization Committee just threw out a big move: it has proposed removing “minor violations” from the scope of qualifications review for major shareholders. In plain language—what previously choked Naver after it got stuck under an antitrust fine might finally be loosened.
But don’t get too excited yet. This proposal has immediately sparked three major controversies:
First, why do other financial regulations have exceptions, but the “Special Financial Act” has to be a one-size-fits-all cut? Fairness is being trampled.
Second, the authority to issue the implementing orders is being questioned. The law doesn’t clearly authorize administrative orders to give the green light—so in the end, we might see an incredible plot twist.
Third, even if the acquisition clears this hurdle, there are still two mountains ahead: the Fair Trade Commission and the shareholding cap (15%-20%).
In other words, the Financial Committee is the ultimate BOSS. Whether you’ll listen or not depends entirely on their mood.
#韩国加密机构化零售降48%
So the question is: is this truly good news, or just a regulatory carrot dangled in front of you? In the comments, people are going to argue. I bet 50 cents that in the end, it’ll still turn into a fight that drags on for three more months.