PANews reported on March 4th that... According to The Block, South Korean regulators and lawmakers have reached an agreement on capping shareholdings by major shareholdersPANews reported on March 4th that... According to The Block, South Korean regulators and lawmakers have reached an agreement on capping shareholdings by major shareholders
South Korea plans to cap major shareholders' stakes in stock exchanges at 20%, potentially forcing companies like Upbit to restructure their shareholdings.
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
PANews reported on March 4th that...
According to The Block, South Korean regulators and lawmakers have reached an agreement on capping shareholdings by major shareholders in cryptocurrency exchanges, proposing to limit the percentage of shares held by "major shareholders" to 20%, with some exceptions allowing up to 34%. If the legislation is passed, leading platforms such as Upbit and Bithumb will have a three-year grace period to complete their equity restructuring, while smaller exchanges will have a six-year grace period.
Currently, Bithumb Holdings holds over 73% of Bithumb's shares, and Binance holds over 67% of Gopax, far exceeding the proposed cap, potentially requiring significant reductions or dilution of their holdings. This restriction is expected to be incorporated into South Korea's comprehensive cryptocurrency regulatory bill, the Basic Law on Digital Assets.
Market Opportunity
Major Price(MAJOR)
$0.06032
$0.06032$0.06032
USD
Major (MAJOR) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
LTC Cloud Mining aims to make mining simple and accessible
LTC Cloud Mining simplifies crypto mining with accessible contracts, daily payouts, and a $20 welcome bonus. #sponsored
Share
Crypto.news2025/09/19 17:31
Avalanche and Hyperliquid Lead Crypto Rally Post-Fed Rate Cut
The post Avalanche and Hyperliquid Lead Crypto Rally Post-Fed Rate Cut appeared on BitcoinEthereumNews.com. In brief Crypto markets have posted broad gains following the Federal Reserve’s quarter-point rate cut. Hyperliquid’s USDH stablecoin has been “attracting liquidity across the board from many institutions,” according to an analyst. The momentum now hinges on project-specific catalysts, with altcoins more exposed to volatility than Bitcoin, experts told Decrypt. Avalanche (AVAX) and Hyperliquid (HYPE) led the altcoin rally on Thursday as digital assets responded positively to the Federal Reserve’s latest rate cut and project-specific developments. AVAX rocketed 10.1% to $32.59, while HYPE jumped 7.2% to $58.43 in the past 24 hours, according to CoinGecko data. Other major altcoins followed suit, with Dogecoin (DOGE) advancing 5.4% to $0.27, Solana (SOL) climbing 4.5% to $244 and Cardano (ADA) rising 4.3% to $0.90. (ADA) rising 4.3% to $0.90. Bitcoin (BTC) maintained its position above $117,000 with a modest 0.3% gain, while Ethereum (ETH) posted a 2.1% increase to $4,588. The rally follows the Fed’s widely anticipated quarter-point rate cut, which lowered the federal funds rate to a range of between 4.25% to 4.50%. Bitcoin and other major digital assets largely traded flat in the immediate aftermath, as investors had already priced in the highly anticipated Fed call. “While the Fed’s rate cut buoyed broader risk sentiment, AVAX’s outperformance seems driven by Avalanche’s announcement of a $1 billion Digital Asset Treasury plan,” Min Jung, senior analyst at quantitative trading firm Presto, told Decrypt. The Avalanche Foundation is in advanced talks to raise $1 billion via a Nasdaq-listed firm backed by Hivemind and a Dragonfly-sponsored SPAC, with proceeds earmarked for discounted AVAX buybacks, according to the Financial Times. Bitwise also filed paperwork on Monday for an AVAX ETF, utilizing Coinbase to custody the digital assets, which adds to the token’s institutional adoption prospects. Jung noted the rally could “sustain in the near term…
Share
BitcoinEthereumNews2025/09/18 18:49
US Crypto Perps Are Coming Within a Few Weeks, Says CFTC Chair
The US’ top derivatives regulator is gearing to open the door to crypto perpetual futures. Speaking on Tuesday at the Milken Institute’s Future of Finance conference
Share
Financemagnates2026/03/04 20:52