TREE NEWS update: South Korea’s Financial Services Commission is coordinating inter-agency differences on a government draft of the Digital Asset Basic Act, aiming to submit it within November and advance it via lawmaker-led legislation. Regulators are discussing capping a single shareholder’s stake in crypto exchanges at 15% to 20%, with a one- to two-year transition for existing platforms, or alternatively limiting only voting rights. The bill would shift exchange licensing from a filing to a permit system, with stablecoin issuance expected to take a bank-centered consortium form.
South Korea Targets November for Digital Asset Bill, Weighs 15-20% Single-Shareholder Cap
AI take
The ownership cap question is the real fault line here: a 15–20% single-shareholder limit would force restructuring across an exchange sector built around concentrated founders and strategic holders, which is why the softer voting-rights-only alternative is on the table. The move from filing to permit licensing raises the compliance bar for every platform, while a bank-centered consortium model for stablecoins hands banks a structural role in issuance. Whether the November timeline holds and which ownership variant survives inter-agency talks is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
2h ago
Trader Opens $11.39M 7x Leveraged BTC Long at $75,880 Entry
3h ago
Abraxas Capital Holds $451.85M Hyperliquid Position, Nearly All Short
3h ago
Warren as Senate Banking Chair Could Weigh on Crypto Sentiment, Slow Legislation
3h ago
Ansem Rebuts ZachXBT Claims, Says Flagged Wallet Not His
4h ago
BTC Breaks Above 76,000 USDT, 24-Hour Loss Narrows to 0.14%
4h ago
Nvidia cargo worth $11.4M missing after truck vanishes in California