Digital Asset Basic Act could reshape South Korean crypto

[johnblockbuster]

South Korea’s Digital Asset Basic Act may introduce stricter governance rules for exchanges, including ownership caps and suitability reviews. The legislation would transition exchanges from a triennial notification system to a formal authorization regime, granting more durable operating status.

While lawmakers have agreed on some measures, like a $3.7M minimum capital requirement for stablecoin issuers, ownership limits remain contentious. If enacted, the caps could impact strategic shareholding and raise questions about how major exchanges attract and retain investors, marking a potential turning point for the country’s crypto market.

[lingriiddd]

15–20% ownership caps? that’s huge… big players are gonna have to rethink how they hold shares.