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South Korea proposes crypto exchange ownership caps, shaking up major platforms
South Korea’s FSC has proposed cap ownership stakes at major crypto exchanges to 15%–20%, with potential implications for governance and current shareholders.
South Korea’s Financial Services Commission has proposed new regulations that would cap the ownership stakes of major shareholders in the country’s largest cryptocurrency exchanges to between 15% and 20%. The draft rules target leading platforms such as Upbit, Bithumb, Coinone, and Korbit, which together serve millions of users. Regulators say the measure aims to prevent excessive control by a small group of founders and shareholders and to improve market governance.