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South Korea Advances Crypto Exchange Ownership Caps Despite Industry Pushback

South Korea Advances Crypto Exchange Ownership Caps Despite Industry Pushback

Author:

Global Cryptocurrency

Published:

2026-01-29 08:57:02

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BTCCSquare news:

South Korea's Financial Services Commission (FSC) is proceeding with controversial plans to limit major shareholders' stakes in cryptocurrency exchanges to 15%-20%. Chairman Lee Eog-weon framed the MOVE as necessary to align governance with exchanges' expanding public role, citing risks of "excessive concentration of ownership" mirroring safeguards in traditional securities markets.

The proposal forms part of the forthcoming Digital Asset Basic Act, which aims to establish comprehensive industry oversight beyond current anti-money laundering and investor protection rules. This development coincides with heightened regulatory scrutiny across Asian markets as digital assets gain mainstream traction.

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