TechFlow news, January 16 — According to South Korea's News1, academia in South Korea has raised concerns over financial regulators' plan to cap major shareholders' stakes in cryptocurrency exchanges at 15–20%.
Professor Moon Cheol-woo from the College of Business Administration at Sungkyunkwan University stated during a seminar on "Directions for Institutionalizing Stablecoin Issuance and Trading Infrastructure" held at the National Assembly that forcibly limiting major shareholders' ownership ratios could infringe upon property rights and raise constitutional concerns. He noted that global platforms such as Binance and Coinbase operate with high ownership concentration by their founders, and thus the Financial Services Commission's proposal runs counter to international trends. Experts at the event recommended strengthening eligibility reviews for major shareholders and creating conditions for initial public offerings (IPOs), which would simultaneously achieve capital raising and share dispersion without mandating ownership caps.
