South Korea Limits Major Shareholder Stakes in Crypto Exchanges to 20%

South Korean authorities have imposed a restriction on the maximum shareholding percentage for major shareholders in cryptocurrency exchanges, setting the limit at 20%. According to Odaily, this move is part of the country's ongoing efforts to regulate the cryptocurrency market and ensure transparency and stability within the industry. The decision aims to prevent excessive control by individual shareholders and promote a more balanced governance structure in crypto exchanges. This regulatory measure reflects South Korea's commitment to maintaining a fair and competitive environment in the rapidly evolving digital asset sector.