#SouthKoreaDraftLawTargets15To20%ShareholderCap
๐ฐ๐ท Korea's Exchange Founders May Have to Sell Down to 20%
Seoul's crypto framework bill is due this month, and the fight is how much of an exchange one owner may keep.
๐ Likely cap: 15-20% per major shareholder
๐ Existing exchanges may get 1-2 years to comply
๐ฆ Registration would become a full license
โ ๏ธ Industry cites property rights; a voting cap is the fallback
The catch: nothing is final, and lawmakers can rewrite the cap.
Hard 20% stake cap or voting limit by Dec 31? ๐
$BTC
#SouthKoreaDraftLawTargets15To20%ShareholderCap #Korea #CryptoRegulation
๐ฐ๐ท Korea's Exchange Founders May Have to Sell Down to 20%
Seoul's crypto framework bill is due this month, and the fight is how much of an exchange one owner may keep.
๐ Likely cap: 15-20% per major shareholder
๐ Existing exchanges may get 1-2 years to comply
๐ฆ Registration would become a full license
โ ๏ธ Industry cites property rights; a voting cap is the fallback
The catch: nothing is final, and lawmakers can rewrite the cap.
Hard 20% stake cap or voting limit by Dec 31? ๐
$BTC
#SouthKoreaDraftLawTargets15To20%ShareholderCap #Korea #CryptoRegulation
