South Korea eyes ownership caps for crypto exchanges

[johnblockbuster]

South Korea’s top financial regulator signaled a tougher stance on crypto governance, suggesting exchanges should face ownership limits similar to securities markets. Financial Services Commission Chair Lee Eog-weon said licensed crypto exchanges should be treated as public-infrastructure entities rather than ordinary private companies.

Under the proposed Digital Asset Basic Act, major shareholders could be capped at 15–20%, a move aimed at preventing concentrated ownership from undermining market integrity. The shift would likely force restructuring at some of the country’s largest platforms, including Dunamu and Coinone, where single shareholders currently hold significant stakes.

[lingriiddd]

curious if this will actually attract more institutional investors or just scare them off with red tape.