Regulators have proposed a stake cap on domestic cryptocurrency exchanges at 15-20%, a measure intended to limit ownership concentration. The proposal identifies Upbit and Bithumb as among the exchanges likely affected by the rule.
Under the current model, domestic crypto exchanges have been established and run by individuals or corporations. If enacted, the cap would alter ownership arrangements and governance structures, potentially impacting investment and control.
Regulators have not specified a timeline for implementation, and the proposal may undergo revisions during consultation. The measure aims to broaden oversight and promote governance standards within the domestic market.
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