South Korean regulators bid to cap crypto exchange stakes at 20%

South Korean regulators want to block individual shareholders from amassing stakes higher than 20% in domestic crypto exchanges — but face opposition from government and industry figures. The Financial Services Commission, or FSC, South Korea’s top regulator, has proposed a 15% to 20% cap on share ownership to avoid conflicts of interest. “As [crypto] exchanges are now officially recognised as part of the financial system, we must create a governance structure that befits their status,” said the FSC cha ...