Market Boom and Governance Reform: Korea’s Crypto Industry Faces Its Maturity Test – KoreaTechDesk
South Korea’s digital asset sector stands at its most consequential crossroads since the 2017 ICO ban. While trading volumes have surged and global exchanges diversify, Korea’s regulators are tightening ownership and governance standards. The debate over a proposed cap on major shareholders in crypto exchanges has ignited one of the country’s most significant policy reckonings on how to balance investor protection, innovation, and market competitiveness.
Regulators Push 15–20% Ownership Cap on Exchange Shareholders
The Financial Services Commission (FSC) is finalizing its Digital Asset Basic Act (Phase 2), introducing a limit on major shareholders’ ownership in virtual asset exchanges to 15–20 percent.
The…
