South Korea Imposes 15–20% Ownership Caps on Top Crypto Exchanges Forcing Major Shareholders to Sell
South Korea is implementing new ownership caps for major cryptocurrency exchanges, limiting individual voting share ownership to 15-20%. This regulation affects platforms like Upbit, Bithumb, and Coinone, requiring major shareholders to divest portions of their stakes. The Financial Services Commission (FSC) aims to reduce concentrated control and enhance consumer protection. Critics argue the measures may infringe on property rights and destabilize management. The proposed changes come amid broader regulatory debates and political scrutiny, indicating a significant shift in the governance of South Korea's crypto market.
CoinLive·