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Korean Ruling Party Moves to Cap Stakes of Major Crypto-Exchange Shareholders
South Korea‘s governing Democratic Party is moving to impose ownership caps on controlling shareholders of digital-asset exchanges, setting up a political fight over whether the fast-growing industry should face restrictions similar to those applied to other market infrastructure. The initiative is being drafted into the party’s proposal for the second phase of a digital-asset legislative package, commonly referred to as the Digital Asset Basic Act, according to Lee Kang-il, a member of the party‘s Digital Asset Task Force. In a phone interview on 3rd Feb, Lee said the question of ownership “cannot be ... (full story)
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