South Korea to keep 20% cap on crypto exchange ownership despite delayed digital asset law
- —FSC is weighing a 20% ownership cap for exchange major shareholders, with up to 34% permitted under conditions
- —The second phase of the digital asset law covering exchange licensing and stablecoin issuance remains stalled
- —Naver Financial and Dunamu delayed their share swap for a third time, from Dec 31 to March 31, 2027
- —Mirae Asset acquired 97.15% of Korbit; Korea Investment and OKX Ventures each hold 20% of Coinone
Why it matters: The cap could force Mirae Asset and other large investors to cut exchange holdings and slow traditional finance's entry into South Korea's crypto market.
Source: Digital Today
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