#SouthKoreaDraftLawTargets15To20%ShareholderCap 🏌️⛳⚡⚡⚡⚡
South Korea is once again moving forward with a digital asset law. And there’s one rather interesting thing in it: they say they want to limit the stakes of major shareholders in crypto exchanges to 15–20%.
The idea is that exchanges are almost public infrastructure now, so one guy shouldn’t be able to control everything.
Those who already own a larger stake will get a year or two to sell off the excess. Or they’ll simply have their voting rights cut if dealing with the ownership proves too complicated.
Lawyers are already shouting that this is an infringement on private property. They built the company with their own hands, and now the state is saying, “Hand it over.” They don’t do this in Europe or the US; they focus more on a shareholder’s reputation than on their percentage stake.
But the Koreans are stubbornly sticking to their guns. They want the market to be more dispersed. The truth is, it’s still unclear whether this will actually help or just make life harder for local exchanges.$BTC $BNB $ETH
South Korea is once again moving forward with a digital asset law. And there’s one rather interesting thing in it: they say they want to limit the stakes of major shareholders in crypto exchanges to 15–20%.
The idea is that exchanges are almost public infrastructure now, so one guy shouldn’t be able to control everything.
Those who already own a larger stake will get a year or two to sell off the excess. Or they’ll simply have their voting rights cut if dealing with the ownership proves too complicated.
Lawyers are already shouting that this is an infringement on private property. They built the company with their own hands, and now the state is saying, “Hand it over.” They don’t do this in Europe or the US; they focus more on a shareholder’s reputation than on their percentage stake.
But the Koreans are stubbornly sticking to their guns. They want the market to be more dispersed. The truth is, it’s still unclear whether this will actually help or just make life harder for local exchanges.$BTC $BNB $ETH
