South Korea Proposes Crypto Exchange Ownership Caps, Threatening Major Deals

South Korea’s Financial Services Commission (FSC) has reportedly proposed limiting major shareholders of cryptocurrency exchanges to 15-20% ownership stakes, a regulatory bombshell dropped on December 30-31 that is now casting a long shadow over the industry’s outlook for 2026. The proposal would force the founders and controlling shareholders of Korea’s top five exchanges to divest significant portions of their holdings. A New Year Clouded by Uncertainty The timing of the announcement—just days before the new year—has left industry participants scrambling to assess the implications. A local media outlet first broke the story on December 30, which was subsequently covered by major financial outlets source: https://beincrypto.com/korea-crypto-exchange-ownership-caps/