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South Korea's Financial Services Commission Proposes to Restrict Individual Shareholder Ownership of Cryptocurrency Exchanges to a Maximum of 20%
GateNews
South Korean regulators are pushing for a legal amendment to limit the shareholding ratio of major shareholders of cryptocurrency exchanges. According to the proposal, the Financial Services Commission (FSC) plans to conduct a qualification review of major shareholders of virtual asset service providers (VASPs), proposing to set a shareholding cap of 15% to 20% to avoid conflicts of interest. This move aims to enhance market transparency and strengthen regulation of exchange operations. The proposal has now been submitted to Congress for consideration. （DLNews）
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