South Korea's Financial Services Commission Proposes to Limit Individual Shareholder Holdings in Cryptocurrency Exchanges to a Maximum of 20%

Odaily News: South Korean regulators are pushing for legal amendments to limit the shareholding ratio of major shareholders in cryptocurrency exchanges. According to the relevant proposal, the Financial Services Commission (FSC) plans to conduct qualification reviews of major shareholders of Virtual Asset Service Providers (VASPs) and proposes setting the maximum shareholding ratio between 15% and 20% to avoid conflicts of interest. This move aims to enhance market transparency and strengthen the supervision of exchange operations. Currently, the proposal has been submitted to the National Assembly for deliberation. (DLNews)