🚀 Democratic Advisers Question South Korea's Crypto Exchange Ownership Cap
#DemocraticAdvisers #SouthKorea #CryptoExchange #OwnershipCap #FinancialServicesCommission #Cryptocurrency #DigitalAssets #Regulation #LegalFramework #Monitoring #Accountability #ConflictsOfInterest
An advisory committee associated with the Democratic Party's Digital Asset Task Force has expressed concerns over South Korea's Financial Services Commission's proposal to limit major shareholder stakes in cryptocurrency exchanges to 15-20%. According to NS3.AI, the advisers advocate for a more comprehensive discussion on the matter, suggesting that risks should be managed through strong legal and institutional frameworks instead of ownership restrictions. They highlight the importance of implementing monitoring, accountability, and checks to prevent conflicts of interest and illegal activities.#DemocraticAdvisers #SouthKorea #CryptoExchange #OwnershipCap #FinancialServicesCommission #Cryptocurrency #DigitalAssets #Regulation #LegalFramework #Monitoring #Accountability #ConflictsOfInterest
🚀 South Korea Proposes 34% Ownership Cap for Major Shareholders in Crypto Exchanges
#SouthKorea #cryptocurrency #ownershipcap #DigitalAssetBasicAct #cryptoexchanges #regulation #NS3AI
South Korea's ruling Democratic Party is set to introduce a new regulation under the forthcoming Digital Asset Basic Act, which will impose a 34% ownership cap for major shareholders in domestic cryptocurrency exchanges. According to NS3.AI, this cap will be applicable to both new and existing exchanges. The party plans to submit the bill for legislative approval following the final endorsement from a consultative body.#SouthKorea #cryptocurrency #ownershipcap #DigitalAssetBasicAct #cryptoexchanges #regulation #NS3AI