Regulation· ★★★· neutral·

South Korea FSC chief defends stake cap for crypto exchange owners

  • —The Digital Asset Basic Act would move exchanges from 3-year reporting renewals to a licensing regime
  • —A stake cap could force major shareholders to sell shares worth trillions of won
  • —The government bill is in final coordination, with no timeline for submission announced
Why it matters: The new rules could reshape ownership of South Korea's largest exchanges, affecting their valuations and listings.
Source: PANews
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