South Korea
Odaily
Korea's FSC Says Virtual Asset Exchange Shareholder Stake Rules Not Aimed at Specific Firms, Vows Stronger Oversight
- The FSC clarified that the planned shareholding limits for major shareholders of virtual asset exchanges apply broadly and are not targeted at any specific business.
- The regulator emphasized it will strengthen regulatory responsibility and oversight of virtual asset exchanges going forward.
- The statement appears intended to address market speculation that the rule was crafted in response to a particular exchange operator.