Regulation· ★★★· neutral·

Dunamu-NAVER deal may breach crypto exchange ownership limits

  • —The Fair Trade Act requires a stake of at least 30% in a public subsidiary and 50% in a private one
  • —For venture holdings the minimum threshold is 20%
  • —South Korea's second phase of crypto legislation is debating a cap on large shareholders' stakes in exchanges
  • —If NAVER Pay becomes a holding company, two opposing standards could apply to the exchange
Why it matters: A potential conflict of rules could slow the deal and reshape the governance of Upbit, South Korea's largest exchange.
Source: ChainCatcher 链捕手
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