🚨 SOUTH KOREA WANTS TO LIMIT CRYPTO EXCHANGE OWNERSHIP!
South Korea is preparing to introduce its long-awaited Digital Asset Basic Act this month, and one proposal could significantly reshape the country's crypto industry.
The government is considering limiting major shareholders' ownership in cryptocurrency exchanges to just 15%–20%. Existing platforms could receive a 1–2 year grace period to restructure their ownership.
The goal is to prevent excessive control by a small group of founders and strengthen investor protection as exchanges move toward a stricter licensing system.
Another major issue is stablecoins. Won-backed stablecoin issuance is expected to favor bank-led consortiums, although fintech participation remains under discussion.
This could mean major changes for exchanges.
#SouthKoreaDraftLawTargets15To20%ShareholderCap
The bigger picture : South Korea is moving toward tighter crypto regulation, stronger corporate governance and greater institutional involvement.
South Korea is preparing to introduce its long-awaited Digital Asset Basic Act this month, and one proposal could significantly reshape the country's crypto industry.
The government is considering limiting major shareholders' ownership in cryptocurrency exchanges to just 15%–20%. Existing platforms could receive a 1–2 year grace period to restructure their ownership.
The goal is to prevent excessive control by a small group of founders and strengthen investor protection as exchanges move toward a stricter licensing system.
Another major issue is stablecoins. Won-backed stablecoin issuance is expected to favor bank-led consortiums, although fintech participation remains under discussion.
This could mean major changes for exchanges.
#SouthKoreaDraftLawTargets15To20%ShareholderCap
The bigger picture : South Korea is moving toward tighter crypto regulation, stronger corporate governance and greater institutional involvement.
