#SouthKoreaDraftLawTargets15To20%ShareholderCap
🇰🇷 South Korea Eyes Crypto Exchange Ownership Cap 🚨
South Korea's push to limit major shareholders in crypto exchanges is heating up. 🔥 The Financial Services Commission first floated a 15% to 20% cap to avoid conflicts of interest. 📉 Later reports say regulators and lawmakers settled on a 20% cap, with stakes of up to 34% allowed in certain exceptions. ⚖️ (Yahoo Finance) (theblock)
The rule would sit inside the Digital Asset Basic Act, and Bithumb and Gopax would likely need big ownership changes. 🏦 Industry players are pushing back hard. 💬 (theblock)
Will this make the market fairer, or hurt innovation? 🤔
#SouthKorea #Upbit #Bithumb 🚀
#Nadeemgujjar143
@aasho @长风Nova @Nayyab_BTC @Fatima SheRazi Official @Ayeza998
$BTC
$BNB
$ETH
🇰🇷 South Korea Eyes Crypto Exchange Ownership Cap 🚨
South Korea's push to limit major shareholders in crypto exchanges is heating up. 🔥 The Financial Services Commission first floated a 15% to 20% cap to avoid conflicts of interest. 📉 Later reports say regulators and lawmakers settled on a 20% cap, with stakes of up to 34% allowed in certain exceptions. ⚖️ (Yahoo Finance) (theblock)
The rule would sit inside the Digital Asset Basic Act, and Bithumb and Gopax would likely need big ownership changes. 🏦 Industry players are pushing back hard. 💬 (theblock)
Will this make the market fairer, or hurt innovation? 🤔
#SouthKorea #Upbit #Bithumb 🚀
#Nadeemgujjar143
@aasho @长风Nova @Nayyab_BTC @Fatima SheRazi Official @Ayeza998
$BTC
$BNB
$ETH
