South Korea’s government and the ruling party agreed in principle to impose a 20% cap on major stakes in domestic cryptocurrency exchanges, Herald Corp reported. The move marks a significant step in the country's effort to tighten governance of digital asset trading platforms.
South Korea Moves Toward 20% Ownership Cap for Crypto Exchanges After Policy Compromise: Herald Corp
5 March 2026 - 13:00 CET
By Sandmark staff
Details of the compromise between the Digital Asset Task Force of the ruling Democratic Party of Korea and the Financial Services Commission (FSC) still need to be finalized. Its passage through the National Assembly is expected to be difficult, according to the Herald Corp report. If approved, Upbit and Bithumb would need to cut their holdings, it said.
