Lawmaker Kang Jun-hyeong: Crypto Exchange Ownership Cap Should Be Debated Separately From Digital Asset Act
- —The government is considering a 20% cap on the largest shareholder's stake in crypto exchanges
- —Kang Jun-hyeong proposes passing the base law first and debating the ownership cap separately
- —According to him, the regulation was proposed without sufficient public discussion
- —For won-pegged stablecoins, a consortium with banks holding a controlling stake is under discussion, but tech companies could also be largest shareholders
Why it matters: Whether the ownership cap is removed from the base law will determine the pace of crypto regulation in Korea and the structure of the local exchange market.
Source: Bloomingbit