South Korea is considering a policy that would cap major shareholder ownership in domestic crypto exchanges at 20%, a move backed by the government and the Financial Services Commission. If passed, exchanges would have a three-year transition period to comply.

The proposal could force structural changes across the industry, particularly for exchanges like Coinone where ownership is highly concentrated. The development follows broader activity in the sector, including Mirae Asset Group’s planned acquisition of Korbit and ongoing consolidation efforts among major Korean financial and tech firms.