As the Bitcoin mispayment incident at the virtual asset exchange Bithumb adds momentum to calls to cap exchanges' major shareholders' equity stakes, the political sphere is reviewing a plan to apply equity limits differentially based on market share. The government, as it formally licenses virtual asset exchanges, is pushing to cap major shareholders' equity at 15%–20%, and in that case, to obtain a license, a major shareholder would have to sell any excess equity to a third party. The financial authorities are said to prefer a plan that brings institutional financial firms such as banks or securities companies in as ... (full story)