South Korea Plans 15–20% Ownership Cap for Major Crypto Exchanges as Industry Resists

On 4 March 2026, South Korea's Financial Services Commission proposed capping individual and corporate ownership in major crypto exchanges at 15–20%, with limited exemptions up to 34%. Large shareholders at platforms such as Upbit, Bithumb, and Coinone could be required to divest significant stakes over three to six years, while industry groups argue the plan violates property rights and may push businesses abroad. The initiative is part of the Digital Asset Basic Act (Phase 2), which will be reviewed by parliament in early 2026.