This Tuesday, it was revealed that South Korea’s Financial Services Commission (FSC) has proposed a strict law limiting individual ownership of South Korean cryptocurrency exchanges to a maximum of 15% to 20%. Documents obtained by KBS state that this measure aims to prevent “excessive control” by founders over critical infrastructure serving more than 11 million users, classifying platforms such as Upbit, Bithumb, Coinone, and Korbit as strategic national assets.
The impact of this regulation will force market players to liquidate massive stakes; for example, the chairman of Upbit would have to sell up to 10% of his shares, while at Bithumb and Coinone, the adjustments would exceed 50% and 34%, respectively. Industry representatives denounce this imposition as a violation of property rights and warn that a forced sale of such magnitude could plummet company values and destabilize the local market.
The reaction of foreign investors and potential buyers is under close scrutiny, as the government has yet to clarify whether it will allow foreign capital to absorb these holdings. Furthermore, political tension is rising as controversies over stablecoin issuance and allegations of parliamentary influence peddling remain unresolved, leaving the South Korean regulatory framework in a state of total uncertainty heading into 2026.
Source: https://news.kbs.co.kr/news/pc/view/view.do?ncd=8446366&ref=A
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