South Korea plans to cap crypto exchange ownership at 15–20%, with limited exceptions up to 34%
Major players like Bithumb (73% owned) and Coinone (53%) face massive forced divestments
Upbit and Bithumb together control ~96% of domestic trading… Read full article
South Korea limits crypto exchange major shareholders to 20%, with exceptions up to 34%, and grace periods for compliance by key exchanges.
South Korea has agreed to limit major shareholder stakes in crypto exchanges to 20%. This decision applies to… Read full article
South Korea’s government and ruling party reportedly agreed on a proposal to cap major shareholder stakes in crypto exchanges at 20%, with limited exemptions for new operators. Read full article
South Korean financial authorities have pledged to revise their crypto custody practices following public scrutiny over multiple incidents that led to the loss of nearly $30 million in seized digital assets over the past few months.
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